Used car dealers are more positive about their ability to make a healthy margin on their sales than they were before the COVID-19 pandemic, a new survey has found.
Franchised car dealers and authorised repairers are being encouraged to expand their aftersales service to include multi-brand repair and maintenance.
Wagonex has launched an updated version of its plug-and-play subscription platform, making it easier for dealers to unlock the potential of vehicle subscriptions.
Cox Automotive’s Phillip Nothard has said it is “vital” that car showrooms are able to re-open as soon as possible despite signs that many retailers continue to perform well against the odds in COVID-19 ‘Lockdown 3’.
Jaguar Land Rover (JLR) has followed-up its plans for a fully electrified product range with the announcement that it is set to axe 2,000 jobs in the coming year.
Changes set to be introduced to the Auto Trader platform in May will flag-up additional fees charged by car retailers in an effort to make online sales more “fair, consistent and transparent for car buyers”.
Steven Eagell Group has said that it expects to be even ‘more profitable’ in 2020 after reporting a 14% pre tax profits rise in its 2019 annual financial results.
Car dealers across the UK should be braced for “massive pent-up” demand from customers when the current COVID-19 ‘Lockdown 3’ restrictions are eased, according to Buyacar.
Cazana’s director of insights, Rupert Pontin, has conceded that February new and used car sales were ‘less promising than expected’ – despite attempts to set the data in a positive context.
Hendy Group is set to increase its representation with the Lotus Cars brand with the addition of new dealerships in Hampshire and Devon.
A Motor Ombudsman survey of 1,873 motorists has found that 62% would want to visit a car showroom in person before buying a new car.
Women in car retail are losing out disproportionately during the COVID-19 pandemic as they step back from their careers amid the pressures of home schooling and stereotypical household responsibilities.
The 29.4% decline in 2020 represented, according to the Society of Motor Manufacturers and Traders (SMMT), £20.4bn in lost turnover.
The surge in online purchasing during the coronavirus pandemic has prompted an increase in the number of people that no longer want to visits showrooms to buy cars.
Jaguar Land Rover (JLR) will transform the Jaguar brand into a purely electric vehicle (EV) brand by 2025 and expects 60% of new Land Rovers to be zero-emissions capable by 2030.
Used car retailers have been warned of an electric vehicle (EV) overpricing issue once again after diesel-powered vehicles sold fastest in January.
Car retailers have returned to auctions in February after January experienced “price sensitive” trading as they stocked forecourts with sub-£12,000 price vehicles, according to Aston Barclay.
Chorley Group managing director Adam Turner has thanked The British Army and Lancashire County Council for their help in getting a twice-weekly COVID-19 test procedure up and running for its entire retail operation.
New car buyers can save more than 20% on new cars ahead of the March number plate change, What Car? research has found.
The National Franchised Dealers Association (NFDA) has called on Government to redeploy business support measures for retailers ahead of the 2021 Budget.
