Saturday Morning Show 5th August 2017
Aug 5, 2017
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.