Tag Archives: profitability

Dealers have expressed ‘clear concerns’ over the current and future profitability of running their franchise. That’s the headline finding of the Dealer Attitude Survey from the National Franchised Dealers Association which said that topics relatinbg to profitability and margins were among the lowest rated in the survey. Current profit return from representing the franchise was the third lowest scoring question ...

The National Franchised Dealers Association (NFDA) has revealed the franchises dealers believe to be the most and least profitable in the UK in 2024. The recently NFDA published Dealer Attitude Survey rated Kia, MINI, Lexus, BMW and Nissan as the five most profitable franchised in the UK. At the other end of the scale the least profitable franchise was Jaguar, ...

Data from Dealer Auction’s latest Retail Margin Monitor reveals the used cars that provide the best retail margins for dealers. The Land Rover Range Rover Evoque retained its number one position in July with an average retail margin of £3,510. But there were new entrants in the Top 10 with the Citroën Grand C4 Picasso people-carrier, Toyota RAV4 SUV and ...

APD has published Show Me the Money” a book aimed at helping car dealers to improve the efficiency and profitability of their business. Witten by consultants at APD, the book covers essential business management, finance, sales, after sales and operations. It also deals with marketing and leadership, with explanations of key principles and best practices in every chapter. Mat Hutchin, ...

The UK vehicle market is currently experiencing abnormal trading conditions, the effects of which have, so far, been favourable for most dealers. However, these advantageous circumstances could adversely turn — and very quickly. Today, it’s more critical than ever for dealers to assess their overall business performance and proactively manage the potential impact of fewer used-car transactions and any other ...

July 2021 was a strong performing month, marking the end of lockdown one and the release of significant pent-up demand. Retailers improved profitability by nearly £14,000 to £65,000 for the month during July 2021. This pushed rolling 12-month average Return on Sales up further to 2.17% “Phenomenally strong used car performance continued to be the principal driver behind the current ...

June saw the average UK motor retailer make profits of over £100,000 to round off a record performance for the first half of the year. The June figure is in stark contrast to the losses recorded in the H1 2020 of £55,000, according to dealer profitability specialist ASE. “This marks the end of a phenomenally successful first half of the ...

The pandemic has had a major impact on business, but dealers have caught up fast and are now hoping for better times ahead The past year has been tough for dealers as they came to terms with three lockdowns with showrooms temporarily closed for business. Now, as we tentatively begin to emerge from the pandemic, we can see the impact ...

The average UK motor retailer turned in a profit of £14,000 in August, building on the strong performance in July. This represents a £28,000 swing on the prior year result, with August traditionally producing a significant loss, being impacted by holidays and the impending plate-change month of September. “The £14,000 profit generated in what is traditionally a loss-making month saw ...

The shift to e-commerce has gained momentum during the lockdown. An exclusive Motor Trader poll revealed that 58.3% of dealers are confident or very confident in their ability to fully embrace online retailing for used cars. The poll was commissioned as part of the MotoNovo Finance Getting Back to Business Webinar last week Although the majority  of dealers are upbeat, ...