Navigating the FCA Finance Storm: Why Stability in Aftersales is Your Dealer Group’s Secret Weapon

As the motor finance redress scheme creates industry-wide uncertainty, we explore how franchised dealerships can use AI to build resilient, sustainable revenue streams in the workshop.

source https://ae2.io/news/navigating-the-fca-finance-storm-why-stability-in-aftersales-is-your-dealer-grou-mrkaxl2f

Comments

Post a Comment

Popular posts from this blog

Swansway Director Criticises Cazoo's Failed Business Model

Image
Scathing Review of Cazoo by Swansway's Peter Smyth Peter Smyth, director at Swansway, provided a critical analysis of Cazoo and its founder Alex Chesterman during a recent Car Dealer Podcast episode. Smyth labelled Cazoo’s business model as fundamentally flawed, describing the company’s initial plans as unrealistic and fictional. In a candid discussion on the Car Dealer Podcast, sponsored by JATO, Swansway director Peter Smyth gave a harsh critique of Cazoo, the once-promising used car dealer now in administration, and its founder, Alex Chesterman. Smyth, who previously featured in a 2022 special film on Cazoo, highlighted several issues with Cazoo's business model and Chesterman's approach, attributing their downfall to these flaws. Cazoo's Unrealistic Ambitions Smyth began by dismissing Cazoo's initial prospectus as "a work of complete fiction," likening it to a fantasy novel by JK Rowling. He criticised Chesterman's bold claims, including the am...
Read more

Maximising Sales Opportunities: Insights from Motor Trade News

Image
In an enlightening piece from cardealermagazine.co.uk , motor traders are encouraged to gear up for a significant surge in used car searches post-Christmas Day, a trend backed by data from Motors. Since 2018, this period has consistently shown a notable increase in consumer interest, a valuable insight for dealers aiming to sell more cars. The data, meticulously analysed by Motors, indicates a lull in used car searches from late November until Christmas Day. However, the festive season's conclusion marks a sharp turnaround. Boxing Day alone witnesses a 38% increase in searches compared to Christmas Day, with a further 20% rise from Christmas Eve's figures. The crescendo of activity peaks on December 27th, with searches skyrocketing to 67% above Christmas Day levels and 46% higher than Christmas Eve. This trend is not just a fleeting post-Christmas phenomenon. The momentum builds steadily through to New Year's Eve, dips briefly, and then resumes its upward trajectory...
Read more

Revving Up Unity: IMDA Celebrates 1,000 Members in Pursuit of Quality Connections

Image
In the dynamic world of car dealer news and motor trade news, the Independent Motor Dealers Association (IMDA) is joyfully marking a milestone with 1,000 members. Yet, according to Chairman Umesh Samani, it's not merely about the numbers. Despite six years passing, the challenges faced by independent dealers remain familiar, but the IMDA's evolution in tackling these issues is noteworthy. Since its inception in 2017, the association has blossomed into an invaluable resource. Boasting a constellation of over 50 partners, it now provides an array of products and services. Remarkably, this includes complimentary legal advice, steadfast DVLA support, and a freshly established aftersales group. Noteworthy is how these offerings enrich small-scale dealers with advantages typically reserved for larger conglomerates. Umesh Samani, captured above, shares with Car Dealer, "Numbers have never been our focus. It's about uniting kindred dealers who share trust." He el...
Read more