On this Saturday’s episode of MotortradeRadio.com, Philip Nothard and Peter Zinkewycz of Radar Video to discuss the latest headlines, including re-entering the car supermarket sector with the opening of its first Lookers Outlet site in Gateshead on 4 August.
Whilst, Pendragon plans to open five new Evans Halshaw Car Stores in the second half of 2017. The new stores will open in Ipswich, Norwich, Borehamwood, Dartford and Ashford. And, Dodge is returning to the UK after a seven-year absence under a new import and distribution deal with Auto Export Corporation (AEC). The move will also see the introduction of the Ram truck brand to the UK.
In other news, Eastern Western Motor Group has acquired Grassicks Garage, which holds the BMW and MINI franchises in Perth.
carwow, the new car retailing website, has raised $39m (£30m) worth of financing to fund further growth in the UK and internationally.
In its July dealer market survey, cap hpi found the number of dealers reporting an increase in retained margins has dipped to 18%, compared with 19% 12 months ago. The number reporting a loss remains at nearly half, albeit slightly less than last year (44% v 47%).
And finally, Philip Nothard, interviews James Hind – founder & CEO of carwow. James shares the why, what’s and where’s of their recent fund injection, along with the strategies and developments for the remainder of 2017. And more importantly, for 2018 in both the UK and Internationally.