There is no hard and fast rule on profit margins for used cars but where as in days gone by (maybe 5-10 yrs ago) the margins were in the “metal” or “chassis”, a few things have gradually eroded this. The main culprit is the Internet, which is both the best and worst thing to have happened to the motor trade. One of the best things is … [Read more...]
Inchcape outperforming Pendragon in Europe
New research places Inchcape as the region's second biggest group Inchcape has overtaken Pendragon as the biggest UK dealer group operating in Europe, according to new research. … [Read more...]
Government wants cars priced for life
A new government report to be published alongside the Budget says car buyers should be made aware of the full cost of car ownership. … [Read more...]
Funding solutions – Dealers spot a gap in the market
The "credit crunch" could prove anything but for car dealers... … [Read more...]
European Diesel price league
What a surprise! UK is top! When we pay our 126p for a litre, only 57p is going on the actual fuel. … [Read more...]
Road tax changes
The new road tax rules will come into force in two stages from March 2009-April 2010 In March 2009 the number of tax bands will increase from seven to 13 categories and range from bands A to M. … [Read more...]
New and used car top 10 sales figures for 2007
Ford tops new and used markets in 2007 Figures released from SMMT show that Ford topped both used car sales, and new car registrations. … [Read more...]
New car sales: May 2008 results
Volumes fall 3.5 per cent year-on-year New car sales in May fell 3.5 per cent year-on-year as industry predictions for a difficult year of trading hold firm. … [Read more...]
Brown attacked over road tax plan
David Cameron has told Gordon Brown he will be ousted if he does not drop his "deeply unpopular" plans for higher road tax on more polluting cars. … [Read more...]
Buying cars – a little word about colours…
At most points of the year the classic colours remain the most popular, Black, Silver, Blue. However at certain times of the year or where (as at the present) people just want to break out, the more wild and loud colours come to the fore, although it does tend to be model specific. For instance Cabriolets/convertibles/drop tops/ccs etc. Most of … [Read more...]
How does a modern day car dealer really make money?
In today’s challenging market more pressure than ever is being put on the profit margins from selling new and used cars. Whereas maybe 5 years ago the profit that would come from the 'metal' would probably make upwards of 85-90% of the deal, we now live in a completely different world. … [Read more...]
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