Author: Tom Seymour
The Mercedes-Benz GLB was the fastest selling used automotive in July on Auto Trader, taking just 12 days to sell. Even though it’s greater than two weeks before the national average, attributable to the strong underlying health of the used automotive market, second-hand cars were selling in only 29 days last month, which is a day faster than in June, and 4 faster than in July 2023 (33 days). It was a very strong month for low-emission vehicles, which accounted for 60% of the UK’s top 10 fastest sellers, including five hybrid models and one fully electric automotive, the Volkswagen…
BYD is continuous to speculate in its UK brand awareness by partnering with Cornwall’s Boardmasters surf and music festival. The event, which takes place at two sites on the Cornish coast between August 7-11, combines the Boardmasters Open international surf competition, the World Surf League and a music festival at Watergate Bay, just north of Newquay. BYD is positioning its battery technology and nil emissions vehicles alongside Boardmasters’ ‘Leave Only Footprints’ initiative, which supports beach cleans, sustainable transport solutions, local charity initiatives and a deal with green causes. The Chinese brand’s sponsorship of Boardmasters follows on from its massive sponsorship…
In its latest Highlight on Customer Experience and Retention, AM’s Tom Seymour finds a few of the methods and tools dealers’ sales teams should use to develop ICE owners’ curiosity about EVs. The retail electric vehicle (EV) market within the UK is changing. Early adopters and environmental evangelists are already in EVs. For dealers it’s now about helping further support and educate the remaining customers that haven’t yet made the switch. Dealers are up against it. There’s a continuing barrage of negative press and misinformation against EVs and so retailers are able where they should do some myth-busting and change into…
Vertu Motors has posted a profit before tax increase of 6.5% to £34.6 million for its full 12 months results on record revenues of £4.7 billion. Robert Forrester, Vertu’s chief executive, said he was pleased with the performance because the group successfully navigated a difficult period of trading with declining used automotive values in the previous few months of 2023. Forrester said: “Used vehicle prices and margins have now stabilised and there was strong money generation from lower working capital reducing net debt below market expectations. “Moving to the brand new financial 12 months, March and April 2024 were successful…
