Limited potential for online-only motor sales was the top reason for the recent collapse of Cazoo, say dealers. Research from July’s Startline Used Car Tracker shows half of dealers surveyed said this was a problem, followed by 37% who said investors overestimated efficiencies that could be accessed through technology, and 35% that they failed to recognise that existing dealers were already good … [Read more...]
Biggest profits carried off by Land Rover models
Land Rover models are the most profitable used cars to sell this year and give dealers the biggest mark-up in the shortest time. The Land Rover Discovery Sport moved the quickest off sites and produced the most profit in the first six months of 2024 according to Dealer Auction and reported by Car Dealer magazine. The Discovery Sport was in number one making dealers an average of £3,925 and … [Read more...]
Welsh dealer Gravells profits soar across seven sites
Welsh car dealer group Gravells has seen profits almost double in 12 months. The seven-site Kia, Dacia and Renault dealership group has clocked up pre-tax profits of nearly £5m after a stellar 2023 on a turnover of £130.5m last year, it reported to Companies House. Gravell’s has Kia dealerships in Kidwelly, Narberth, Bridgend, Abergavenny, Swansea and Hereford and a dual Renault Dacia site in … [Read more...]
Pent up demand about to be unleashed
Six out of 10 car dealers believe the second half of 2024 should improve on the first six months, suggest new findings as the new 74-plate is about to appear in September. July’s Startline Used Car Tracker shows that 35% believe consumer confidence is improving, 31% that interest rates should fall, 31% that stock supply is improving and 11% that the completion of the general election should … [Read more...]
Tradelines 10 July
INEOS Automotive becomes part of a portfolio of 45 carmakers in the UK that have so far pledged their adherence to The Motor Ombudsman’s Chartered Trading Standards Institute best practice, and to going beyond the standards required by law with regards to the provision of new vehicles and new car warranties. The 4X4 maker’s accreditation under the Vehicle Sales Code covers consumers configuring … [Read more...]
Tradelines 3 July
FJ Chalke & Vale Motors Isuzu proudly announced its sponsorship of local resident and esteemed customer John Binding, member of The Alaskan Malamute Working Association, as he competes in the World Sleddog Dryland World Championship in November 2024. The Alaskan Malamute Working Association, host of the WSA Dryland World Championship 2024, anticipates participants from over 20 countries, … [Read more...]
Financiers must support EV sales
Almost all dealers (97%) surveyed in June’s Startline Used Car Tracker say that more support is needed from motor finance providers for electric vehicle (EV) funding. In the research, 52% say their lenders are less keen to finance EVs, 45% charge higher finance rates and 21% want higher deposits. Also, 14% say their lenders won’t finance EVs at all. The same question was asked in the … [Read more...]
Hudson & Nova are top car names – for babies
Henry Ford famously named one of his models after son Edsel, but the bootie can be on the other foot, researchers have found working for Scrap Car Comparison. Naming a new baby is never an easy task - from wondering if they’ll suit their chosen name, to making sure that the first name works with their surname - parents are likely to have many questions and dilemmas in their heads ahead of the … [Read more...]
12v batteries are not up to charging demands
Twelve-volt battery technology needs to improve, says the Association of Fleet Professionals, as “bricking” issues continue to affect adoption of electric vans. Paul Hollick, APF chair, said that despite widespread publicity, many fleets were still being left in a position where their vans become unuseable and had to be trailored to a dealership to be restarted. He explained: “The fundamental … [Read more...]
Women more likely to give up a car, says Carwow
Over one in ten (11%) Brits have sold their car due to financial necessity, according to Carwow, the online car-changing marketplace. Of these, 58% were female, and 42% were men, suggesting that women are more likely to give up their car due to financial pressures. Selling a car because of financial pressures is more common among those aged between 40 and 59, with 13% having done so, closely … [Read more...]
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