AM interviews Peter Charters, general manager of Maserati’s North Europe, about luxury car sales and car dealer profitability
Experts point to some of the structural elements which could help make car dealerships more sustainable in tough economic conditions, from rates reviews and refinancing to tax reliefs.
Plug-in vehicles accounted for almost a quarter of all new car sales in February, with year-on-year growth achieved by both pure battery electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs).
Car retailers have been told “there is no silver bullet” in the fight to avoid potentially devastating data-grabbing cyberattacks as high-profile AM100 businesses continue to recover from hits on their digital systems.
EV-focused Chinese brand GWM Ora has established a UK beachhead with AM100 dealers and is set to expand its territory carefully, reports AM editor Tim Rose
An unexpected explosion in the appetite for luxury car purchases after the pandemic hit the UK was a catalyst for significant growth at independent car retailer Auto100.
As consumers are coming under increasing financial strain from soaring inflation and the cost-of-living crisis, so car dealerships are stepping up to help them through these challenging times.
While franchised dealers have been busy preparing to sell and service new electric vehicles (EVs) for a while now, used car specialists have also started to carve themselves a niche in the market.
Has the online used car retail bubble burst or have the UK’s established car retailers’ disrupted disruptors like Cazoo and Carzam with their ability to evolve and adapt to cater for the digital car buyer?
Mercedes-Benz has revealed a plan to axe up to 20% of its German franchised dealerships and 10% of its global network by 2025 as part of its shift to a direct, agency model retail model.
Lookers chief executive Mark Raban claims to be a numbers man, who likes “to stick with my knitting”, but he is poised to “try something different” with the AM100 group's newly-mapped growth strategy.
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.
Clive Brook Group, Drive Motor Retail, Hendy Group, Inchcape Retail and Jemca Motor Group have all ramped-up their acquisition of private used car stock in 2021.
Nissan dealers will be in a good place to capitalise on the UK car market’s electrification, but they will need to raise their game, according to Nissan GB managing director Andrew Humberstone.
In the latest instalment of AM's ‘Eight Questions to…’ series of industry profiles JCT600 group property director Mark Taylor gives an insight into the tough decisions needed to help “future-proof” car retail.
The coronavirus pandemic accelerated the pace of change in the UK’s motor retail industry and some observers now question whether many of the new habits will stick with consumers when everyday freedoms return.
Inchcape UK will reassert its commitment to growth with the creation of an all-new standalone used car sales division and a series of large-scale dealership development projects.
The benefits of an agency-style model, where the new car journey is managed online and manufacturers pay a handling fee to retailers, largely outweighs the disadvantages, according to senior executives at dealer groups already experiencing mixed commissions at work in their businesses.
Strong financial reports from across the car retail sector have reaffirmed that businesses have weathered the COVID-19 crisis without the “Darwinian evolution” predicted 12 months ago.
The heads of three exceptional regional hero dealer groups explain the approach to business and customer engagement that underpins their group's success.
