The Bulletin news
KPIs show return to profit
Auto retail net profitability is set to return to around 0.5% of sales this year, despite the fall in new car sales, according to industry figures. The improvement in business strength represents a significant turnaround from last year. The key to increased profitability this year has come from... (more) IM freezes Daihatsu imports
International Motors, the UK’s only remaining major independent vehicle distributor, has offered retailers the option to leave the Daihatsu franchise after it decided to freeze new car imports. The company said it was not viable to sell new cars at the moment because of... (more) Pendragon ahead of plan
The UK’s biggest auto retailer, Pendragon, issued a reassuring interim management statement covering the four months to the end of October. The company said it was confident this year’s results will be in line with current expectations. Chief executive, Trevor Finn, said... (more) ECB warns on scrappage cost
The European Central Bank (ECB) has warned governments of the effects of car scrappage incentives on the overall European economy. The warning is likely to dampen enthusiasm for a continuation of scrappage schemes beyond their current life. The ECB says... (more) Body repair under pressure
Research for Trend Tracker’s forthcoming report on the UK car body repair market indicates that the body repair market is still falling, both in terms of value and numbers of jobs. The average car body repair job cost £949 this year, having risen by 21% in current prices from £783 in 1999. An increasing proportion of repairs carried out using... (more)
Auto retail net profitability is set to return to around 0.5% of sales this year, despite the fall in new car sales, according to industry figures. The improvement in business strength represents a significant turnaround from last year. The key to increased profitability this year has come from... (more) IM freezes Daihatsu imports
International Motors, the UK’s only remaining major independent vehicle distributor, has offered retailers the option to leave the Daihatsu franchise after it decided to freeze new car imports. The company said it was not viable to sell new cars at the moment because of... (more) Pendragon ahead of plan
The UK’s biggest auto retailer, Pendragon, issued a reassuring interim management statement covering the four months to the end of October. The company said it was confident this year’s results will be in line with current expectations. Chief executive, Trevor Finn, said... (more) ECB warns on scrappage cost
The European Central Bank (ECB) has warned governments of the effects of car scrappage incentives on the overall European economy. The warning is likely to dampen enthusiasm for a continuation of scrappage schemes beyond their current life. The ECB says... (more) Body repair under pressure
Research for Trend Tracker’s forthcoming report on the UK car body repair market indicates that the body repair market is still falling, both in terms of value and numbers of jobs. The average car body repair job cost £949 this year, having risen by 21% in current prices from £783 in 1999. An increasing proportion of repairs carried out using... (more)
