Creating an F&I culture where business managers are an integral part of the team is key to business success, according to Drive Motor Retail managing director Paul Manning.
Dealers are eating into their bottom line by “taking up the slack” caused by a 30% surge in the number of courtesy cars insured through their own motor trade policy during the last four years, according to DCML.
A man who ordered an assault on the boss of Sterry Bridge Autos over an alleged £250,000 debt has been sent to prison.
Used car provenance checks by automotive trade companies between April and June this year show that 26.1% of used cars had outstanding finance.
Automotive retail insolvencies increased slightly by 0.6% to 46 businesses in September.
Malaysian carmaker Perodua is offering 0% finance on its Myvi SXI if customers buy before the end of December.
Harwoods Group reports increased finance sales and repeat custom since installing web-based software from Chrysalis-Solmotive.
Mitsubishi Motors in the UK is now claiming to offer the longest warranty of any pick-up truck in the UK marketplace.
Crewe-based dealer network Swansway Group has generated £250,000 of additional profit by using its customer relationship management system to target the right customers.
Wessex Garages managing director Keith Brock is moving banks to increase his dealer group’s working capital after its previous bank was unhelpful with funding for its expansion plans.
The Government has agreed to put £1 billion into a new UK business bank which will be created specifically to help fund small to medium sized businesses.
Advice, inspiration and analysis on six of the most critical areas of running an automotive dealership in today’s market are to be provided in a new one-day conference from AM.
The number of dealerships now recognised as ‘SAF Approved’ under the Finance & Leasing Association’s (FLA’s) Specialist Automotive Finance (SAF) initiative has reached 2,000.
Liz Grindall has been promoted at Mondial Assistance UK as the insurer restructures its organisation.
Dealers need to rethink their F&I strategy as car buyers are more likely to shop around on a much wider scale for the best finance deal in much the same way as they would for the car itself, warns Peter Landers, consumer finance expert with Grant Thornton’s Leasing & Consumer Finance advisory team.
Skurrays Group has signed up to offer the Safe & Sound warranty package from WMS.
The new car finance market grew by 48% by value and 42% by volume in July when compared with July 2011 – the strongest monthly growth so far this year.
Paper finance agreements will soon become a thing of the past in Renault and Nissan showrooms.
Grants Seat in Essex has reinstated its five year warranty deal in time for the September plate-change.
Alfa Romeo is offering 0% finance on its Giulietta for the plate-change month of September.
