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Author Archives: ellisdavies

Buyers ‘prefer’ fixed pricing of agency model – SURVEY

Over half of car buyers would prefer to purchase their next car directly from the manufacturer. According to What Car?, buyers would prefer an ‘agency’ model with fixed prices rather than buying from a traditional dealer. As part of its latest industry research, 55.4% of 1,221 in-market buyers surveyed by What Car? said they would rather purchase their next car ...

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Hyundai Motor UK announces pricing and spec for new i10 range

Hyundai Motor UK has announced pricing and specification for the new i10 range. The new i10 has seen a design upgrade with a new honeycomb mesh design grille with integrated LED daytime running lights, redesigned headlamp and taillamp reflector internals, updated Hyundai emblems  and new 15” and 16” alloy wheel designs. Interior enhancements include the addition of blue LED mood ...

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Survey shows ‘clear signs’ AFV market is near tipping point

Only one in six (15%) petrol, diesel, and hybrid drivers never intend on switching to a pure electric vehicle. According to the latest ‘The Road Ahead’ research from Close Brothers Motor Finance, as infrastructure begins to improve and the choice of makes and models continues to grow, electric cars are becoming a more popular choice for consumers. Almost 850,000 new ...

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Auto Trader partners with Ebbon Group to improve operational efficiencies

Ebbon Group has integrated with Auto Trader’s Vehicle Moves to provide a new technology solution. Ebbon Group’s moDel platform is designed to allow retailers and leasing companies to easily manage vehicle ordering and deliveries. Auto Trader Vehicle Moves is a technology platform that gives retailers easy access to the best market price on every vehicle delivery. Both group and site ...

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Dealers miss out on potential profit in March by under-pricing

Retailers missed out on nearly £25.5m in potential profit in March by pricing their stock below their true market value. Auto Trader’s reported that nearly 7,700 of its circa 15,000 retailer partners advertised their cars below their current value with each retailer leaving an average of £3,300 in potential profits on the table as a result. Its Retail Price Index ...

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Lookers “Car Hub” to be up and running in Middlesbrough in Q4

Lookers has revealed that its standalone multi-franchise used car offering Lookers Car Hub is planned to open in Middlesbrough in Q4 2023. Duncan McPhee, COO at Lookers, told Motor Trader that the site will offer EV charging through 650KW superchargers on site and host an EV experience centre where customers can learn about electric vehicles. The site will also offer ...

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SsangYong to relaunch Technician Apprenticeship Programme

SsangYong Motors UK has confirmed continuation of its partnership with EMTEC and plans to relaunch its Technician Apprenticeship Programme. EMTEC is currently recruiting on behalf of the SsangYong dealer network and will begin delivering training from its Nottingham premises from September 2023. Mark Burrows, aftersales director at SsangYong Motors UK, said; “I am delighted to announce the continuation of our ...

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Lookers CEO reports “excellent performance” against 2022 disruption

Lookers saw underlying profit before tax of £82.7m in 2022 (2021: £90.1m, £80.3m excluding £9.8m of COVID support). This was primarily driven by new and used vehicle market outperformance and cost control it said, but was a 8.2% decline on the previous year. However, it is up before COVID support. So far this year, the Group reported that Q1 underlying ...

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Fewer finance rejections “litmus test” for Consumer Duty regs, says iVendi

Falling numbers of finance rejections will prove to be the “litmus test” of whether the FCA’s Consumer Duty regulations are being properly applied, according to iVendi. Rob Severs, Senior VP Product and Insight iVendi, said: “Like others across the retail motor industry, we’re working through all of the implications of Consumer Duty and it’s becoming clear to us that while ...

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