• 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

Small profit provides steady start to second half of year for retailers

Car Dealer Magazine by Car Dealer Magazine
September 3, 2019
0
Home News

JULY saw a minor improvement for retailers on average as they recorded a marginal profit against July 2018’s loss, according to ASE Global.

Mike Jones, chairman of the dealer profitability specialist, said: ‘Even though the entire profit swing was less than £2,000, this represents a steady start to the second half of the year, particularly given the uncertainty on the horizon. Given recent trends in registrations and profitability, any improvement is to be welcomed.

‘The profitability improvement was once again driven by the contribution from the used car department. Levels of stock remain high, however, which has seen the return on investment remain below 80 per cent for the past five months.’

Dealers made £147 on average in July, and Jones added: ‘With the impending RDE [Real Driving Emissions test] deadline hitting in September, we are monitoring closely to determine the level of retailer self-registration activity and overall used car stock levels.’

Although the outlook for the rest of the year was uncertain there was still cause for optimism, he said. ‘With the RDE deadline, Brexit plus a faltering economy, the industry is likely to have plenty of challenges in the second half of 2019.

‘However, we are expecting H2 to show a rosier picture in terms of both comparative profitability and registrations.’

MORE: Profitable June fails to live up to 2018 performance for dealers

MORE: Tough May sees retailers rack up losses of almost £10,000

MORE: Steady April result for retailers as profitability holds up despite volume drops

Related Posts

Train tickets on fence
News

Feb 28 round-up: £5bn restart grants; Rail fares rise; Free Covid tests for pupils’ families

February 28, 2021
Rishi Sunak
News

Budget 2021: What could it mean for car dealers and the automotive industry?

February 28, 2021
Billy Monger crosses finish line
News

Feb 27 round-up: Sunak warns ahead of Budget; FTSE hit on metal prices; Billy Monger completes 140-mile challenge

February 28, 2021
Volkswagen Passat GTE plug-in electric car being charged
News

VW suffers post-tax profit drop of 37 per cent but says that was better than expected

February 28, 2021
Supercar graphic
News

Moving on up: Here are the top 10 used supercars to buy if you want to see a return on your investment

February 28, 2021
Subaru sign via Newspress
News

Subaru adds three dealers to network with plans for at least 15 as part of restructure that will see 10 leave

February 27, 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 Dealerships Locations List 2021 revealed
News

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

February 24, 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