Tag Archives: property

Foreign investors continue to eye up dealer groups in the UK with their property value a magnet for potential takeovers. That’s a key finding of the Automotive Annual Market Commentary from property expert Savills, which charted investments made by foreign investors in the past two years. Acquisitions included US dealer Group 1 paying £346m for Inchcape’s UK dealer business and ...

Investment in car dealership property reached one of its highest levels on record in 2022 at £371m, up 39% on 2021 and significantly above the ten year annual average of £258m, according to the latest Savills Motor Retail Market report. Investment sales volumes were only higher in 2014. Following a strong start to the year prime yields at the end ...

Property giant Savills is pushing hard into automotive with the acquisition of Automotive Property Consultancy (APC), the specialist property consultancy dedicated to the franchised motor retail sector. Savills is eyeing up the sector which is expected to see unprecedented change with electrification and environmental change in the next decade. Bill Bexson established APC in 2005, building a client base ranging ...

The rate of consolidation in the motor retail sector continues to slow according to consultancy APC. It said that those fewer dealerships are being built and the growth of brands like Kia, MG, Volvo, Cazoo, Tesla, CarShop, and Motorpoint were taking up any slack in the market. “There are less new dealerships being built as evidenced by the 44% decline ...

Car dealership property is at the forefront of change in the drive towards Carbon Zero. The latest research from Automotive Property Consultancy(APC) explores how dealerships can lead the charge to achieving total net zero property. Net zero is the target of negating the amount of greenhouse gases produced by property through balancing the gas emitted with carbon absorbing offset measures. ...

The dealership network is “very important” or “essential” in the sales process in 2021 according to 90% of dealers surveyed by automotive property consultancy APC. But this falls to 77% of dealers by 2025. The survey asked dealers about the adoption of a full agency model. It found that even if that gets the go ahead for some brands the ...

The quote “buy land, they’re not making it anymore” is attributed to Mark Twain who died just as the motor industry was getting into its stride in 1910. However, his advice has been followed by car dealers around the world as they have bought property, and then invested in ever-larger premises, built to increasingly higher standards. Even a relatively modest ...

Dealers are being advised to review their property requirements following the impact of COVID-19. . Lower sales may mean fewer dealerships are required while social distancing and increased online sales will change the use of space. John Roberts, head of automotive and roadside at Colliers International, said dealers with leasehold dealerships need to be talking with owners. “The landlord and ...

Dealers should engage with their landlords now over potential rent arrears as the impact of coronavirus deepens. That’s the view of Accendia Consulting. Its three founders Richard Adams, former head of group property at Volkswagen Group, and Robert and Richard Stephens of automotive property consultants RS & Co, warn that dealers could struggle to pay the rent due on the ...

The car dealership property investment market boomed in 2018 with £311m of sales recorded, the second-best performance over the last 10 years, bettered only by 2014, which saw investment of £494m. The most active franchises were BMW & Mini, followed by Jaguar Land Rover, and Audi. London and the South East accounted for 43% of sales during 2018, according to ...