Motor Trader

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Dealers urged to embrace omni-channel retailing for customrs

1 week ago | motortrader.com | John Kirwan

Dealers will continue to have a pivotal role in car sales in the future according to a new report “The Car of the Future” from ICDP. The report “directly confronts” myths forecasting the further decline of the dealer role as more consumers move to buy online.
Ben urges dealers to take part in Big Breakfast charity event in October

1 week ago | motortrader.com | John Kirwan

Ben is inviting dealers and automotive employees to take part in Ben’s Big Breakfast in October. Ben’s Big Breakfast is now in its fifth year and, last year, raised £25,000. This year, automotive industry people are invited to host their own breakfast anytime during the week of 6th to 12th October and encourage colleagues, customers, friends and family to bring, bake, or buy a spread and donate to support Ben’s work.
Mackie Motors raises threat of more legal action against Renault, Nissan and RCI

1 week ago | motortrader.com | John Kirwan

Mackie Motors may take legal action against Renault UK, Nissan Motor (GB) and RCI Financial Services. It has appointed Motor Industry Legal Services to represent them. MILS has issued letters before action to the three parties, with the intention of initiating High Court proceedings if the matter is not resolved. MILS confirmed to Motor Trader that it was about to issue proceedings but could not comment further.
Management team announced for Auca wholesale used car platform

1 week ago | motortrader.com | John Kirwan

A new wholesale car aggregation platform Auca is set to launch in July for dealers to source stock. Auca promises to offer more than 10,000 used cars, LCVs, trucks, motorcycles and classic cars from multiple auctions and wholesale platforms to bid on and buy on the site from launch. The public facing team behind the platform is CEO Lisa Grimsley, who has 30 years of remarketing experience with Manheim and senior management roles at Aston Barclay and BCA Marketplace.
EV values need ‘close attention’ falling -1.8% in June

1 week ago | motortrader.com | John Kirwan

Electric vehicles were singled out by the National Association of Motor Actions as needing ‘close attention as they fell -1.8% in June following a -2.8% decline in May. It said Tesla volumes have remained high, but with a more limited impact than previously seen. Members continue to report strong retail interest in newer BEV and plug in hybrid electric vehicle (PHEV) models, particularly where range and specification meet buyer needs.
More dealers use data to boost profitability of used car business

1 week ago | motortrader.com | John Kirwan

More than 2,000 dealers have signed up to Motors Market Check tool since its launch in October last year. Dealers are using the tool to gauge market demand and calculate days to sell, pricing and vehicle history. Market Check, which is integrated into Motors’ Dealer Centre tool and is now available to all advertising dealers, provides vehicle pricing and ownership data through its partnership with Percayso, the automotive data intelligence specialist.
Dealers see average GAP payout triple in value since 2021

1 week ago | motortrader.com | John Kirwan

The average Guaranteed Asset Protection (GAP) insurance payout has tripled in three years from £1,587 in 2021 to £5,558 last year. That’s a key finding of research from MotorEasy which attributed the sharp increase to rapid vehicle depreciation and rising new car prices. It added that spare parts shortages also led to insurance write-offs and a surge in vehicle theft. It said many of the causes of rising GAP payouts can be traced back to the impact of COVID-19.
Manheim strengthens auction management team

1 week ago | motortrader.com | John Kirwan

Manheim Auction Services, part of Cox Automotive Europe, has appointed Ben Musther as general manager of Manheim Leeds, and Jason Lee as general manager of Manheim Bristol. Musther brings over 20 years of experience with Manheim, having held a variety of operational roles across the business.
Property investment helps Cambria deliver 41% surge in profits to £29.3m

1 week ago | motortrader.com | John Kirwan

Cambria Investments Holdings, the parent of Cambria Automobiles, turned in a strong performance in 2024, with pre-tax profits surging 40.9% to £29.3m on turnover down -8.7% to £562.2m. It is the groups third year in the private sector since it delisted from the London Stock Exchange in 2021 under CEO Mark Lavery. Cambria Automobiles now represents 23 manufacturers at 28 locations across the UK. It is split into three brands: Grange Motors, Invicta Motors and Motorparks.
Nissan unveils new Leaf set for launch in 2025

1 week ago | motortrader.com | John Kirwan

Nissan has unveiled the new Leaf electric car set for launch later this year. It is the first model to be launched under Nissan’s EV36Zero blueprint for the future of EV production and will be built in the Sunderland plant by the plant’s team of 6,000 people. Leaf has been engineered at Nissan’s UK research and development centre, NTCE, in Cranfield, Bedfordshire. It will be powered by batteries from AESC – Britain’s newest gigafactory – which is situated next to the Nissan plant.