Car Dealer Magazine – The latest in UK motor trade news, …
News 8 hours ago. Are job losses on the way at Group 1 Automotive? Insider says car dealer is ‘knee deep’ in cuts. Group 1 Automotive says it is conducting a 'review of its corporate support functions' amid rumours of job losses as a result of its deal to buy Inchcape's dealer network.
How much profit do car dealers make on new and used cars?
Jun 3, 2021 · Some 5.8 per cent of buyers think car dealers make more than 50 per cent profit on new cars. When it comes to who car buyers think makes the most cash out of selling a new car, 56.7 per cent said they thought it was the manufacturer, with 43.3 per …
Forums - Car Dealer Forum
Jun 25, 2021 · Private Advanced Members Lounge. This forum is for advanced members. For access, you must have made a minimum of 25 posts in our open forums and provide Car Dealer Magazine with proof of trader status (i.e. a copy of trade insurance). Contact [email protected] for access.
How much profit do car manufacturers make on new cars? The …
Sep 21, 2021 · He said car makers make an average five per cent profit margin on new cars. 5% Average profit margin for car manufacturers in 2020. But this year that has improved, he said, thanks to a combination of discounts disappearing and a tendency to produce higher margin models due to semiconductor chip shortages.
Used car dealer Cinch comes under fire on BBC’s Rip Off Britain
7:41 am, October 11, 2022. Online used car disruptor Cinch has come under fire on BBC consumer advice programme Rip Off Britain. On the show – fronted by Julia Somerville, Angela Rippon and Gloria Hunniford – the online used car dealer was blasted for selling a paramedic two cars with problems. In the show, which aired yesterday and is ...
Investigation: What will happen to used car prices in 2024? When …
Sep 25, 2023 · ‘As we go through the second half of 2024 into 2025 we will start to see the full effect of more than 2.3 million missing cars from the reduced new car registrations through the pandemic – and the later supply issues – translating into …
Latest – Car Dealer Magazine
Oct 29: Shop prices ease; Bus fare cap jumps to £3; Abarth prices up 600e SUV. News 21 hours ago.
JD Classics founder and wife sued for £64m over fraud allegation
11:11 am, February 4, 2019. THE founder of a major classic car dealership and his wife are being sued for £64m following the collapse of the business. Derek and Sarah Hood are facing court action by the administrators of JD Classics, which was based in Maldon, Essex. The company, which restored and sold historic cars, was founded in 1987 and ...
Who are Alpha Auto Group and why have they agreed to buy …
Jun 20, 2023 · James Batchelor. 9:46 am, June 20, 2023. Alpha Auto Group (AAG) is set to become a new major force in the UK motor trade, despite having no previous presence here. The company, which is headquartered in Toronto, Canada, swooped on UK listed dealer group Lookers on June 20, 2023, with an offer worth more than £465.4m via a bidding vehicle ...
Q&A: Everything you need to know about new UK major car …
Sep 19, 2023 · What is Lithia Motors? To give the firm its proper name, Lithia & Driveway is a New York Stock Exchange-listed car business with seemingly world domination plans.It has been very open about its goal to nearly double its annual revenues to between $55bn and $60bn by 2025 and it wants to do this through acquisitions.