🚗📈 Despite industry changes, car dealers remain crucial in the automotive sector, according to the ICDP's latest report. Dealers' roles in customer support, aftersales service, and vehicle logistics are irreplaceable, even with the rise of digital retailing and agency models. This highlights the need for a strong dealership network to meet diverse customer needs and ensure smooth operations.
🚗📈 Despite industry changes, car dealers remain crucial in the automotive sector, according to the ICDP's latest report. Dealers' roles in customer support, aftersales service, and vehicle logistics are irreplaceable, even with the rise of digital retailing and agency models. This highlights the need for a strong dealership network to meet diverse customer needs and ensure smooth operations.
Check out our May statistics for the UK automotive dealership network. With over 180 franchise contracts being appointed and relinquished - plus nearly another 100 other changes, there's a lot of activity to keep up to date on.
We reliably track and report this information to ensure our clients can visualise the broad spread of activity across the UK automotive landscape. Ensure you're not missing out by subscribing today and having instant access to the latest data.
⌨ Subscribe now, and begin your drive for growth. 📈
#DealershipData#FranchisedDealershipData#NetworkPlanning#DealerGroups#Automotive#Dealership
Experience the DMS transformation for Large Vehicle Franchise dealers. You can adapt your current best practice processes, while enhancing your operational efficiency.
https://ow.ly/ho7I50UtPY6
WHIP Bay is changing the game for automotive dealerships across Canada!
Our platform is specifically designed to give you a better way to manage your wholesale vehicle inventory, from tracking performance metrics to providing detailed insights on your sales. Whether you're a franchise or independent dealership, WHIP Bay can help you organize and optimize your operations.
And now, for a limited time, you can get TWO months FREE when you sign up with promo code WHIPEXTRA! 🎁
But hurry—this offer ends on October 31st!
Ready to get started? Subscribe today and take advantage of this spooktacular deal before it disappears! 👻
👉 whipbay.ca#AutomotiveDealership#WholesaleStrategy#WHIPBay#AutoDealersCanada#UsedCarDealerships#NewCarDealerships
Thank you, Digital Dealer [Digital Dealer Conference & Expo], for featuring data and trends in auto retail from the Q1 2024 Haig Report®.
Highlights from the article include:
> Franchise trends
> 2024 dealership buy-sell forecast
> Recent record-selling dealership buy-sell transactions
https://lnkd.in/eJ9m5hS3
Earlier this year, with the release of the Q1 report, The Haig Report® celebrated its 10-year birthday! TEN YEARS!
Before the introduction of The Haig Report®, there were no other dealership M&A reports tracking trends in auto retail, impacts on dealership values, publishing estimated blue sky values by franchise, or many of the other data points that are now used by so many in the industry.
I recognize that I am biased, but the reality is that The Haig Report® is truly the report that started it all. It was the first, it is the longest published and thus, I believe, the most trusted dealership M&A report!
Happy 10th, Haig Report®!!
In case you missed it, the Haig Report® celebrated its 10-year birthday earlier this year!
Since its original publication in 2014, the Haig Report® has provided rich insights into data and analysis on franchise desirability, dealership buy-sell activity, guidance on estimated dealership blue sky values, and an outlook for the automotive retail buy-sell market.
Sign up to receive auto retail's most trusted dealership M&A report: https://hubs.la/Q02Wb3610
If you're at the Australian Automotive Dealer Association (AADA) convention, come say g'day at the Cox Automotive Australia stand.
It's a time of flux for dealers:
- Supply is back and retail prices are tumbling.
- The looming NVES and expected glut of inefficient vehicles in early 2025, before the legislation gets underway mid-year, will compress margins for retailers with excess inventory.
- Staffing costs are higher than ever and household spending is heading south.
- Agency models look to be tapering in uptake given we're in a buyer's market again, but franchise protections remain paramount (how much is consumer good will worth really?).
- Chinese brands are flooding the market, and some incumbents will exit.
Suffice to say, busy times. Great keynote from James Voortman.
As far as Cox Automotive goes, our dealer-facing ecosystem looks like this: Vehicle acquisition and disposal (Manheim Australia auctions), and in-house software for lead management, inventory oversight, service experience, and website development.
It's a powerful and damn near end-to-end business, and I'm proud to tell that tale. Stephen LesterMathew McAuley
Freelance journalist writing mainly about the automotive industry including electrification. Extensive China background including conversationally fluent Chinese.
Senior Editor at Cherokee Media Group with expertise in storytelling
The dealership M&A market was brisk in 2024, driven by buyers flush with cash from historically high dealership profits the last few years.
But dealership profitability, though still high, is waning. That is one factor that will impact the 2025 buy sell market, which professionals expect to moderate though remain healthy.
“The buy sell market in 2025 will be active but quite different,” said Alan Haig president of Haig Partners.
How so? Alysha Webb addresses that and more in this in-depth analysis of where retail automotive buy-sell could be headed in 2025.
https://lnkd.in/e_YaYMFT
Navigating the 2025 Dealership Buy-Sell Market
The automotive M&A landscape is evolving. Alan Haig shares key insights on the factors shaping dealership valuations and the broader market trends for 2025.
Stay ahead with expert analysis: https://hubs.la/Q033wR-M0
evolutionary change brings both challenges and opportunities. can dealers adapt? Cameron Cresswell