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The fact that car dealers all seem to be chasing the same kind of stock, namely high spec, high end and predominately German or Indian cars (by that I obviously mean Jaguar Land Rover) clearly is leading to some mad prices being paid. However if there are customers out there willing to pay then how mad is mad? It is well known - although … [Read more...]
Being part of a merry band of 'insiders' can be quite fun at times and gives us an opportunity to tell tales and give away some trade secrets, and unlike the magic circle we hopefully won’t get thrown out for revealing the more darker examples. We have thankfully not sworn an oath to never disclose tricks and sales techniques, and at the end of … [Read more...]
Cuts and rises in costs affects us all in some way or other, whether we are employed, work in the public sector, are students or retired the down turn will have some bearing on our attitudes towards spending any spare cash we have. However, if you look at many businesses, especially in the retail sector, they continue to post healthy profits in … [Read more...]
What a load of cuts! We have been hearing about the cuts and austerity measures that are needed for some time now and, as the chancellor revealed, they will be deep and potentially fatal for many people. Lots of us will face major hardship and public sector workers will be hit hardest of all in terms of their job security. I don’t pretend to … [Read more...]
The last quarter of the year has always traditionally been the hardest in the world of car retailing. The job peaks in September then goes away for a little rest before coming out to play again in January. The truth is car dealers really ought to have made the profit they need to hit their budgets by now because if they haven’t, well they are … [Read more...]
The question of VAT rising to 20% is maybe not one of “if” but more like “when?” and according to commentators within the trade the timing of this announcement could have far reaching consequences for the motor trade. For example it may be that if the rise were to come into effect immediately, which seems unlikely given that all the … [Read more...]
German Car manufacturer BMW has announced a return to profit in contrast to last year as well as giving a positive prediction for sales in the forthcoming year. The group reported a net profit of 324m euros ($420m; £277m) for the first 3 months of the year, as opposed to a loss of 152m euros last year. Sales came in at 12.4bn euros, up 8% on … [Read more...]
Ford Europe has reported a pre-tax operating profit of $107 million, compared with a loss of $585 million a year ago. Overall, the U.S. car manufacturer posted net income of $2.1 billion in the first quarter, almost twice the figure projected by analysts. The increase was fuelled by a 37 percent rise in U.S. sales. The profit compared with … [Read more...]
Japanese carmaker Honda has reported a profit for the first three months of 2010, following losses a year ago. The company said it made a net profit of 72bn yen (£507m; $772m) between January and March, with sales up 28%. A recovery in the major US and Japanese car markets helped Honda, as well as expansion in developing markets including … [Read more...]
VW has revealed that its 2010 first-quarter profit nearly doubled on an upsurge in sales that improved in key markets like Europe, China and North America. The company, Europe's biggest carmaker by sales, said it earned 473 million euros in the period from January to March compared with 243 million euros a year earlier. VW said its revenue … [Read more...]
Italian car manufacturer Fiat has revealed it made a loss of 25m euros (£21.7m; $33.4m) for the first quarter of this year and this comes despite the recent recovery in the global car market. At the same time its US subsidiary Chrysler has lost a further $197m (£128m) - adding to the massive $3.8bn it lost following bankruptcy last year. But … [Read more...]
The Motor Trade Insider Car Buying Crib Sheet webuyanycar review - Buy any car? Well yes but it pays to read the smallprint. webuyanycar review - There is no doubt that used car buying sites such as we buy any car or we will buy your car amongst others, are very easy to navigate and do make the process of selling your car straightforward and … [Read more...]
Toyota has suspended sales of its 2010 Lexus GX 460 worldwide after a US consumer magazine warning and said it would test all of its other SUV models. Toyota had previously asked Lexus dealers in North America to halt sales of their GX 460 sport-utility vehicles after “Consumer Reports Magazine” labelled the model a “safety risk,” the … [Read more...]
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