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ICDP managing director Steve Young has asserted that the agency retail model is the “most water-tight” way to deliver the omnichannel retail experience that modern car buyers expect. ....
A new Kia car dealership corporate identity (CI) is set to be applied to the entire UK retail network by the end of 2024 will break cover in Edinburgh and Bolton within weeks. ....
Waylands Automotive has officially added the MG Motor UK franchise to its franchised dealership portfolio with the opening of a new showroom in Oxford. ....
2 people found this useful Waylands Automotive ensured that the COVID-19 pandemic was no barrier to ongoing growth as it delivered a 4% increase in revenues and 150% rise in pre-tax profits from its network of Volvo dealerships in 2020. Revenues rose to £89 million during the 12-month period to December 31, 2020, as PBT rose from £502,000 in 2019 to £1.25m as the Reading-based retail group delivered 66.2% EBITDA growth to £2.22m (2019: £1.34m). Although it delivered a cautious outlook for the remainder of 2021 in its annual financial results report, the AM Awards 2020âs Best Dealer Group (up to 10 sites) also outpaced the market in sales terms while delivering an improvement in return on sales from 0.6% to 1.4%. ....
Click the thumbs up > Porsche GB’s growing franchised car retail network has contributed to year-to-date growth amid a market down 35.5% due to the ongoing COVID-19 ‘Lockdown 3’ showroom closures. The German sports and premium car brand has outsold Fiat (873) and Suzuki (971) and is within a handful of sales of mainstream brands including Dacia (1,227), Fiat (837), Honda (1,465) and Mazda (1,224) so far in 2021, delivering a 21.3% year-on-year sales growth with 1,112 registrations. Its result comes despite a tough February in which just 193 Porsche s were registered in the UK - down 30.6% year-on-year. Deliveries of its new-in-2020 Taycan, the Volkswagen Group brand’s first pure electric vehicle (EV), may have been responsible for the brand s early uplift after it ended 2020 as its second-best selling vehicle, behind the Macan SUV. ....