Pain points-Continued general rise in cost of sales,Euro Parts decline in service.Difficulties hiring good all round technicians which applies not only in UK but also in Europe and the US.Govrnment failure to crack down on profiteering and the abuse of tax payers money by Motability......and of course Autotrader and auction buyers fees.
Opportunities,lots of good ex lease diesel stock should be hitting the market at right prices.But diesel prices will rise.Joe Public in most of the UK are not PC and not effected by corporate ladder bullshit and still prefer to have a nice high spec diesel outside their front door.
Stock-There remains no excuse for traders not being able to buy stock.If they cannot buy online,they have to ‘get on their bike’ to find it.Driving up and down the country used to be normal.
August Trade - It is hard for most of us to compare because of rising costs,It is OK talking about number of sales but it is the bottom line that counts.Dealer groups employ bean counters to cover up and produce all sorts of t/o figures to show them in a good light,we don’t.If you asked Trevor Finn what Pendragen bottom line was for last month,he would probably know but he would not tell you,it could effect their share price.Look at Vertu and their TV advertising deals of late,they must be struggling,but not according to their CEO.It is going to be harder for the big dealer group bullshit guys.( not Pendragen)
The overall market for small independent pros like a lot of the guys on here,remains good because they have the knowledge and ability to adapt.You are going to see some Dealer groups forced into expanding into the used market,but because of their lack of knowledge and experience some may fail.The guys who run Car Giant,Wales Trade Centre,Big Motoring World,Arnold Clark and Pendragen to name a few are top premier league players and are not effected by changes in market conditions.
Over and out.