Dealers delivered a strong performance in the just published Motor Trader Top 200 Dealer Groups. The average Return on Sales (RoS), that is pre-tax profit as a percentage of sales for the whole MT Top 200, including estimates, increased to 2.87%, which is a record and a considerable increase on 0.78% three years ago and 1.51% last year. The leading ...
Read More »Dealers see surge in profits in Motor Trader Top 200 Report
UK motor retailers have recovered over the past 12 months from the pandemic, according to the Motor Trader Top 200 Dealer Groups. Combined MT Top 200 turnover is up 18% to £75.1bn, which is almost back to the 2019 pre-lockdown turnover of £76.6bn The entry level turnover for this edition of the MT Top 200 is up slightly on the ...
Read More »Automotive retail market is ‘resilient’ despite headwinds
The automotive retail market remains “resilient” during unprecedented headwinds, with “positive signs that an upturn is on the horizon.” That’s the view from Cox Automotive Europe as it releases the sixth instalment of its quarterly insight roundup, AutoFocus. AutoFocus brings together the latest views on the market from Cox Automotive as well as Owen Edwards at Grant Thornton, Steve Young ...
Read More »Business data comes of age with the agency model
A new form of vertical supply chain integration is coming to vehicle manufacturing and sales. This follows the trend in other industries which sees manufacturers engaging in direct sales to consumers. In effect, the traditional wholesale supply model is becoming defunct. Within the automotive sector, such vertical integration has been standard for new entrants to the electric vehicle market with ...
Read More »Pandemic and beyond: open for business
The pandemic has had a major impact on business, but dealers have caught up fast and are now hoping for better times ahead The past year has been tough for dealers as they came to terms with three lockdowns with showrooms temporarily closed for business. Now, as we tentatively begin to emerge from the pandemic, we can see the impact ...
Read More »Motor Trader reveals Top 25 dealers for return on sales
Motor Trader can reveal the top 25 dealer group for return on sales in the latest Motor Trader Top 200 Dealer Groups. Mitchell Group in Cheshire, run by Mark Mitchell (pictured) emerged at the top group with a return on sales of 4.6%. The group was created over 30 years ago with Lexus, Mazda, and Skoda franchises on its single ...
Read More »Motor Trader Top 50 Independent Dealer Survey
The Motor Trader annual Top 50 survey looks at the leading independent retailers by turnover in the used car market. For many of those listed in this year’s Motor Trader Top 50, this report refers to a financial year-end in 2019. In 2016, the used car market peaked at an all-time high of 8.2 million, and has since fallen back ...
Read More »How diesel, Brexit and WLTP impacted new and used cars
The new car market was hit by a triple whammy in 2018 with diesel under the cosh, WLTP creating havoc with the new car supply chain and Brexit breeding fear and confusion in equal measures with the threat of tariffs and a potential economic downturn. The damage caused by WLTP is ongoing. Some carmakers unloaded their non compliant stock ahead ...
Read More »MT Top 200 sees record turnover as market consolidates
The 2018 Motor Trader Top 200 saw turnover rise 5.9% to £73bn but the return on sales fell to 1.14% The pace of consolidation is less frenetic than in the past but the top 10 super groups still managed to increase their share of total Top 200 turnover to 44.8% from 44% last time. The top 10 supergroups’ combined accounted ...
Read More »Record profits for MT Top 50 used car dealers in 2018
The annual Motor Trader Top 50 Independent Dealers report sees record turnover and profitability in the used car sector. The report tracks a buoyant used car market with the key players growing their businesses organically and through acquisition, despite increasing competition from top franchised dealer groups. Motorpoint Group, the leading used car group this year and last, accounted for almost ...
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