Autorola UK has appointed Brett Henderson and John Upson as national business development managers. Henderson has worked in used car auctions for the past 14 years and joins from Aston Barclay, while Upson has worked in the automotive sector for two decades both for OEMs and in the remarketing sector. He joins from FCA. Meanwhile Nick Wiseman has been appointed as ...
Read More »BLOG Looking to get bigger: the Cazoo Imperial deal
Cazoo was in the news again with its purchase of Imperial Car Supermarkets. There is a lot of interest in what it is doing, a lot of money behind it and curiosity to see whether it can deliver where so many have failed in the past. Cazoo has pitched itself as a disruptor coming into the used car market and ...
Read More »LEVs more popular as fleets become more ‘green concious’
Over one third of new vehicle (35%) orders placed in 2020 have been electric or hybrid cars and vans according to Activa Contracts. With WLTP now a reality, companies and drivers have started to order new cars again. The true impact of the new system has become apparent with cars increasing by 20-30g/km, which has helped encourage drivers into a ...
Read More »Dealers keep NHS and key workers mobile in the lockdown
These are extraordinary times. First and foremost here at Motor Trader we extend our support to all individuals and families, employees and companies impacted by COVID-19 and our thanks to the key workers and emergency services and their huge efforts to slow and control the spread of the virus. In the April Motor Trader we look at how dealer bosses ...
Read More »MT Movers & Shakers, car registrations, electric vehicles
The February issue of Motor Trader includes the now well established Top 50 Movers & Shakers where we do our best to pick out the people who have influenced the business over the past year and look set to do the same in 2020. Many of these Top 50 individuals will be looking closely at how new car sales are ...
Read More »Falling pay, Top 50 used car dealers, motor finance
Motor dealers have seen a fall in their pay over the past year as commissions and incentives were cut. This is not surprising given the pressure on the new car market. Even the used car market has felt the pain in recent months with a fall in values hitting the bottom line. The pay pain was felt at the top. ...
Read More »Pressure mounts for dealers in new car market
Check out the October issue of Motor Trader. This month we look in detail at the new car market and the pressure dealers and brands were under in the September plate-change. Some brands have been criticised by dealers in recent months for chasing big volumes without providing adequate incentives. With new cars under pressure, dealers have been putting a lot ...
Read More »Motor Finance training and used car investment
Motor finance is in the news with the Financial Conduct Authority looking at the way in which commission works following a three year review. I’m no expert on motor finance, or indeed compliance, but it looks to me that in terms of good practice all staff involved in motor finance should get the best training they can. A lot of ...
Read More »Greater transparency is on the way in motor finance
The long awaited report on motor finance was published this month by the Financial Conduct Authority (FCA). It wants to change the way commission works in the motor finance sector because consumers could be paying more than they should. The FCA found that some dealers were over-charging with higher interest charges in order to obtain bigger commission payouts for themselves. ...
Read More »Giving support to gender equality in motor retailing
In this February issue of Motor Trader now online we identified those individuals who have influenced the motor retail sector over the past year and are set to make their presence felt in 2019. The Top 50 Movers & Shakers charted the personalities who are innovating and setting the pace in a fast-changing business. Our listings include profile ratings and ...
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