• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Dealers made £14,000 profit on average in August as coronavirus rebound continued

Car Dealer Magazine by Car Dealer Magazine
October 8, 2020
0
Home News

Dealers made a profit of £14,000 on average during August, ASE Global reported today.

The profitability specialist said it was a £28,000 improvement on the result for 2019 – August traditionally sees a major loss because of holidays and impending September plate change.

As such, it built on the strong profitability generated in July, with the average retailer return on sales also continuing its recovery to 0.5 per cent, added ASE.

Used cars have been the real shining stars since lockdown was lifted, it said, and this continued during August.

Used car return on investment had carried on climbing and was now within touching distance of 2019’s result, despite retailers being practically closed for two months.

ASE Global chairman Mike Jones said: ‘Whilst Q4 trading is uncertain, a profitable 2020 seems very much in reach for the average retailer, which is a very creditable performance given the disruption wrought by the Covid crisis.’

However, he added: ‘Despite the fall in new car registrations we have seen in September, anecdotal feedback on profitability points to a continuation in the trend we have seen in July and August.

‘As we look further into Q4 the outlook is slightly more uncertain, with local lockdowns already having an impact on trading performance in the areas they have been implemented.’

Dealers fight back from second-quarter losses with £52,000 average profit in July

  • Car Dealer Mag issue 151 out now – Read it here
  • Have you nominated yourself for a Used Car Award? – Do it here
  • Join our breaking news WhatsApp group – Click here to join now
  • Which is the best car manufacturer to represent? – Find out here

Related Posts

Waylands Kia Reading with John O'Hanlon
News

Waylands joins Kia network with first franchise in Reading

February 23, 2021
News

Showrooms staying closed until April 12 is disappointed but not a disaster, says industry expert

February 23, 2021
Car dealing icon Mike Brewer launches new motoring website
News

Mike Brewer says a fond ‘Ta-dah!’ to California as Wheeler Dealers comes back to UK for filming

February 23, 2021
Mistubishi Outlander PHEVs lined up
News

Mitsubishi Motors could U-turn on decision to stop selling cars in Europe by building them in France

February 23, 2021
Used car test drives during lockdown 3
News

Test drives are allowed during lockdown three after legal experts receive confirmation from Trading Standards

February 23, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Scottish car showrooms can reopen to let customers complete deals on appointment basis

February 23, 2021

Want the latest news?

Sign up to Car Dealer's daily news email updates

Subscribe
How many car dealerships does each manufacturer have in the UK? Car Dealership Locations List 2021 revealed
News

How many car dealerships does each manufacturer have in the UK? Car Dealership Locations List 2021 revealed

February 18, 2021
Used Car Awards with Mike Brewer and James Baggott graphi
News

Who won what at the Used Car Awards 2020? Mike Brewer reveals our winning car dealers

February 11, 2021
Car Dealer issue 156 front cover and Used Car Awards
Online Magazine

Out now: Car Dealer issue 156 features our Used Car Awards, H.R. Owen CEO Ken Choo and lots more

February 23, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Opinion: Here are 10 reasons why I think there’ll be a rapid recovery in car sales when lockdown ends

February 16, 2021
Trophy Cars forecourt
News

Investigation: Meet the hyper-specialist car dealers making their money from weird and wonderful motors

February 11, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 15, 2021
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

February 10, 2021
Bitcoin ATM terminal
News

Will car dealers in the UK accept Bitcoin for payment? Dealers speak out after Tesla plans to accept cryptocurrency 

February 18, 2021
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C