Dealers are coming under increased pressure to upgrade or relocate their facilities as the automotive sector and the general economy improve, according to property specialists Rapleys...
Read More »Used car stocks remain at ‘high levels’
Used car stock levels remain at high levels in the trade as a result of rocketing new car sales. Derren Martin senior editor Black Book...
Read More »Analyst expects ‘record’ H1 from listed dealers
Mike Allen, executive director with stockbroker Panmure Gordon said the first quarter had turned in a strong performance from listed dealer groups and this looked set to continue...
Read More »Dealers hampered by shortage of aftersales staff
Dealers are having to deal with a shortage of suitable staff in key roles. Online recruitment specialists Jobco-op Automotive said it is seeing a lack of high quality candidates for sales managers...
Read More »Average workshop labour rate steadies at £74
The UK’s average labour rate for franchised and independent workshops is £74.33, according to Warranty Direct’s annual labour rates study...
Read More »Part-exchange values continue to rise
The average value for part-exchange stock sold at auction increased year on year in May by £346 or 12.7% to £3,077, according to the latest Manheim Market Analysis. Month on month values rose by £61 or 2%.
Read More »New sales power dealer profitability rise in April
Improvements in dealer profitability continued into April with the average site making a £9,000 profit, a year on year improvement of 36.4%...
Read More »Final call for ASE/MT Financial Conference
Time is running out to book your place for the 2014 ASE/Motor Trader Financial Conference. The CPD accredited conference, aimed at financial managers...
Read More »Marshall hits new record for sales and profits
Marshall Motors achieved records performances across its expanding operation in 2013 as the group completed its first five year...
Read More »New car market rises 8% in May
The new car market saw further growth in May with registrations up 7.7% to 194,032 units, according to the SMMT. This rise marked the 27th ...
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