Implementing the agency model in the UK automotive market requires a carefully planned and strategic approach to overcome significant challenges, according to Steve Young, managing director at ICDP, in the latest Insight Quarterly report from Cox Automotive.
Steve Young, ICDP managing director and an AM Awards judge, ponders on the task for OEMs and franchised networks to ensure they adapt to change in the aftersales model if they want to avoid leaving an open goal for an increasingly professional and capable set of independent aftermarket players.
Volvo Car UK will reveal how it has worked with retail partners to develop its agency model at AM Live after the Swedish brand decided to delay its introduction earlier this year.
Alex Wright finds out from industry experts what they see as the likely cause and impact of cuts to the UK's Renault and Dacia dealership networks
Car dealerships will “not be viable at a 100% BEV mix” unless significant action is taken to change their business model, a new report has concluded.
Digitalisation and flexible monthly payments or usership plans could pave the way for further innovation in the field of vehicle finance
ICDP managing director Steve Young believes the decision of Stellantis, Ford and Volvo to delay their roll-out of the agency model retail agreements for their franchised car dealers is a positive step.
ICDP has questioned whether car manufacturers will retain a desire to switch from a franchise to an agency retail model if consumer demand and inflation “head on opposite directions” in 2023.
Selling EVs? You should. A lower total cost of ownership strengthens the case for customers to buy an electric car ahead of the 2030 zero emissions deadline.
ICDP managing director Steve Young shares his thoughts on the likelihood of Ford successfully following in Tesla's footsteps.
Automotive retailers were obliged to accelerate their omnichannel retail plans in response to the COVID-19 pandemic, but another by-product of this development has been the demise of the haggle.
ICDP managing director Steve Young has asserted that the agency retail model is the “most water-tight” way to deliver the omnichannel retail experience that modern car buyers expect.
Many car dealers are still “missing out on the full potential of digital retailing” according to a joint report created by Auto Trader, ICDP and the National Franchised Dealers Association (NFDA).
Constellation’s car retail rise, OEM’s agency model strategies and vehicle supply shortages were among the hot automotive retail topics up for discussion in the new AM News Show Podcast.
Dealer attitudes suggest a level of uncertainty about a 2022 car retail market increasingly defined by vehicle availability, the transition to electric vehicles (EV) and moves from manufacturers towards an agency franchise model.
Mercedes-Benz has reached an agency model agreement with its retailers which will lead to the introduction of the new retail framework in the UK from 2023.
Car buyers are keen to embrace safety-focussed semi-autonomous driver aids but cool on the prospect of handing the helm wholly to a self-driving car, according to a CarGurus survey.
More than two-thirds of motorists disagree with the UK Government’s assertion that self-driving cars should be allowed on UK roads later this year.
It’s been a busy couple weeks for those following the development of autonomous cars – or at least the capabilities and regulations that may enable autonomy.
Experts from ICDP, ASE and UHY Hacker Young respond to suggestions that motor retail's evolution could leave 'regional hero' dealer groups vulnerable.
