Business costs, particularly around energy and wages, have risen sharply, but all the headlines about these being ‘unprecedented’ is nonsense. So says Vertu CEO Robert Forrester, with a reminder...

Motorpoint has seen its share price fall dramatically after a trading update for the first half of its 2023 financial year reported a profit before tax of just £3m on a record turnover of £785...

Looking at the market and performance in January you could be forgiven for thinking that we were still in 2016. Predictions and forecasts of significant reductions in volumes of cars registered have...

Turnover and return on sales percentages were up for automotive retailers in 2015, but growth was most prevalent among the larger groups while the smaller businesses appear to have struggled. Want to...

Looking back you would probably give September (and the whole of the third quarter) about a score of seven out of ten. Results were mixed and failed to live up to the heady heights of the previous...

Pentagon has highlighted a rise of almost 4% in its profits before tax to £4.2 million in 2015 despite incurring losses of over £600,000 integrating two new businesses into the group during the...

November always feel like the calm before the storm. We barely close the financial month before we receive the registration data for December and all eyes look towards the year end position. This year...

Advertised vehicle dealership property requirements in the UK fell in the last 12 months to 71, from a high of 94 in 2013/14, a decline of 24%. This statistic does not however point towards a slowdown...

by Ian Allen Used cars have been the saviour for most dealerships this year, and this will be the case for the remainder of 2009. But while used volumes have increased, higher values and refurbishment...

The Institute of the Motor Industry (IMI), which is responsible for the auto retail Sector Skills Council, has recently published a workforce profile for the industry. This document gives an overview...

Every December, dealerships lose money. They often appear to make a profit on paper, but that is because accountants over-accrue throughout the year, hold back bonus money and roll these reserves back...

My accident management scheme brings in around £75,000 a year in commission. And yet, it’s the customer satisfaction generated by the scheme which pleases me most. The additional turnover...

Over 70% of gross profit in the average franchised dealership is spent on wages and salaries. Hence setting staff pay is crucial to profitability. The other side of this coin is staff turnover,...