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.
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.
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.
With over 27 years’ experience in the motor trade, Philip brings an informed eye to developing industry insight and market commentary. He joined cap hpi in 2010 as Retail & Consumer Black Book Editor, where he was responsible for analysing pricing data and interpreting strategic trends in retail, consumer and trade markets. A widely experienced and highly successful automotive specialist, he has a wealth of knowledge gained at the most senior levels whilst working for blue-chip businesses within this sector. His experience helps him to interpret trends and raw data into contextual and meaningful insight. Philip’s career includes managing dealerships for independents, supermarkets and large PLC groups.
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