Dec 3, 2016
On this Saturday’s episode of MotortradeRadio.com, Philip Nothard and Derek Blair, discuss the week’s headlines from Motortrader.com.
VT Holdings subsidiary CCR Motor is consolidating its eight Mitsubishi operations by concentrating sales through three main sites at Bristol, Cheltenham and Swindon, whilst Hyundai Motor UK is to launch Click To Buy in January, a website that enables customers to buy new cars online.
Also in this week’s headlines, Swansway has acquired the family-run Thompson Motor Company, which operates three Audi sites in the north west of England, for an undisclosed sum. The acquisition sees the Cheshire-based Swansway double its Audi representation in the region to six sites.
As a result of the purchase Swansway, founded in 2003, will have over 1,100 employees and a turnover in excess of £700m. In another news,Zeus Capital analyst Mike Allen warns new-car sales will be the “key weakness” for dealers for the next two years. Dealers report that consumer demand in November witnessed the biggest decline so far in 2016. Over half (56%) of dealers indicated demand had worsened, according to a cap hpi survey of dealers.