Widespread adoption of electric vehicles in the UK could see retailers’ aftersales profits drop 40% on servicing and 20% on parts. The figures are a warning from Norway where full EVs already...
Read moreAs we went through the course of 2017 we knew that the financial results for the month of December would come under pressure and this has undoubtedly been proved to be the case. The average UK motor...
Read more2017’s sales have been hard earned – these tips will help you to maintain momentum for the final push into 2018 By Mike Jones Retailers are up to their knees at the time of writing, battling hard...
Read moreThe automotive industry can learn from other types of retailing, even those that work in very different spheres By Gary M Cook As Amazon makes suggestions that they could make some serious inroads to...
Read moreAuto retailer J&J Motors has reported a 68 percent rise in pre-tax profits, which the company attributed to an increase in new car sales across all its retail sites. The family-run business has...
Read moreNorthern Irish retailer Donnelly Group has reported a £742,000 leap in pre-tax profits in the 12 months to 31 October last year. The figures, published in a company report, show an increase from...
Read moreVauxhall’s new fixed low-price servicing scheme for older cars has got me thinking. The prices sound fantastic if you own a Vauxhall that’s more than three-years-old, but is it good news...
Read moreYorkshire-based Nidd Vale believes it is well placed for the future after maintaining profits in one of the toughest years for the industry. Pre-tax profits at the firm fell to £96,388 in 2009...
Read moreBolton Car Centre is back in the black after witnessing its sales rise by £2.3m to £53m. The dealership chain- which sells new and used Citroen, Hyundai, Suzuki and Proton vehicles –...
Read moreScotland’s John Clark Motor Group has reported pre-tax profits of £1.7m for the year to December 2009. This compares with a loss of £448,000 in 2008. Turnover was £254.7m...
Read moreShares in Inchcape dropped sharply on the announcement of the company’s half-year results to lose some of the substantial gains made earlier in the month. The losses came despite analysts...
Read moreCambria Automobiles said on Thursday that trading for the second half of the financial year to 31 August 2010, has remained resilient. It expects to report full year results slightly ahead of market...
Read moreLookers restored its dividend on Wednesday as it unveiled first-half results boosted by the tail-end of the scrappage scheme and the recovery in company spending on new cars. However, it said the used...
Read morePendragon’s pre-tax profits jumped 48% to £15.7m in the first half of the year. The Stratstone Ferrari, BMW and Aston Martin dealerships led the way with a 20% rise in new car sales....
Read moreVERTU CONTINUING TO LOOK FOR GROWTH Profits at Vertu Motors are in line with expectations said the company at last week’s AGM. Chairman, Paul Williams said that the company was continuing...
Read moreTop-performing auto retailers use multiple sources to find the right used cars for their forecourt and don’t just limit themselves to a single channel. Want to read more articles on this...
Read moreJust over a year ago, Lee Collins and his senior management team made two bold decisions – to more than double their sales staff’s basic salary to £24,000 and to close the...
Read moreService departments enjoy the biggest gross profit margin of all dealership operations. With labour rates at £60+ per hour and technicians’ hourly rates at around £12, a gross profit...
Read moreTruscotts Barnstaple has a customer profile that many rural motor retailers would recognise. According to general manager Andrew Storey-Barrett, the typical buyer has a wish list with three...
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