NEWS
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Demand for dealer warranty upgrades likely to increase
RAC believes that dealers should pay more attention to their warranty proposition as we enter the second half of 2022, ensuring that they have the right products and infrastructure in place to satisfy what is likely to be a growing customer need as the cost of living continues to rise over the coming months.
Snows increases Vauxhall presence with Picador acquisition
Picador is one of the country’s longest-serving retailers and authorised service providers of Vauxhall vehicles. The company is also a used vehicle retailer and authorised service and repairs provider for Renault and Dacia.
LEASING & FINANCE
Car finance market contracts for new vehicles
The consumer used car finance market reported new business up 10% by value, but 3% lower by volume in June compared with the same month in 2021. In the first half of 2022, new business volumes in this market were 12% higher than in the same period in 2021.
APD launches new high-tech software to drive dealership profitability
ProfitPlanner+ is designed help dealer networks become more efficient and support profitably as the cost of living crisis, fuel prices and rising interest rates start to dampen the market while the introduction of agency models may further impact dealer’s sales volume or supply of used stock as seen in some early adopter markets.
AFTERMARKET & WORKSHOP
Demand for dealer warranty upgrades likely to increase
RAC believes that dealers should pay more attention to their warranty proposition as we enter the second half of 2022, ensuring that they have the right products and infrastructure in place to satisfy what is likely to be a growing customer need as the cost of living continues to rise over the coming months.
EVs 22% cheaper to service than ICE cars
Despite the evidence, it does not guarantee that BEV servicing prices will reduce dramatically as dealers look to raise SMR costs to retain their profitability. Dealers are starting to feel the pinch of reduced servicing revenues as drivers cover fewer miles which coincides with a rapid rise in operating costs, particularly technician salaries.
DEALER INSIGHTS
Cox Automotive’s revised new car forecast reflects the market’s resilience
In the sixth instalment of its quarterly insight roundup, AutoFocus, Cox Automotive sets out upside, baseline, and downside scenarios to predict the best, middle, and worst-case outcomes for the new vehicle market based on currently available data.
Open banking to become “dominant” form of payment in car retailing...
Open banking enables customers to pay directly from their personal bank accounts to a dealer’s account, using their banking app rather than relying on debit or credit cards provided by a third-party. Despite open banking being relatively new it is experiencing exponential growth in the UK with 4.5 million regular users across all retail sectors
JOBS
iVendi creates new vice president positions as expansion continues
changes had been made in order to strengthen the company’s leadership team and enhance service across all areas of the business. Its expansion targets, announced towards the end of 2021 are ambitious and the new promotions will help to reach its goals.
Auliar returns to Nissan GB as Sales Director
Auliar, who has worked for Nissan since 1998, returns to NMGB after seven years in Europe including, most recently, as Sales Director for Nissan Nordic Europe.
