The plan was to increase profit by expanding the sales area of the dealerships that continued to work with them. In total, 202 sites were lost taking the number of uk franchised car dealerships from 4,766 to 4,564, according to exclusive car dealer magazine data. In an exclusive survey for car dealer, what car?
News from tax to takeovers: The latest in uk motor trade news, covering car dealers, car manufacturers, workshops and more It snapped the car dealer group from the stock market in 2022 for £325m.
The majority of car buyers think dealers make between 10 and 20 per cent profit on every new car they sell. The announcement allows the firm to significantly increase its support for dealerships across the uk and offer competitive rates to businesses selling electric vehicles. Ford has terminated 50 more dealerships under plans set out to half its dealer network by 2025. More than 200 franchised car dealerships closed last year as manufacturers slashed their networks.
Car dealers have been warned of the dangers of falling foul of the law if they post fake reviews about their business online. Marshall operates 141 car dealerships and is owned by constellation automotive group, the giant behind bca, webuyanycar and used car dealer cinch. In 2020, the brand said it would be slashing dealerships by nearly half as it looked to improve profitability at dealerships. Car dealer looks into recent rise in franchised dealership closures the likes of marshall, group 1 and lithia have all axed sites this year insiders point to tax changes, takeovers and tough market conditions jack williams 7:50 am, march 13, 2025
Dealerships that fail to comply could face huge fines of 10% of global annual turnover or £300,000 while individuals could face fines of up to £150,000. Why are so many franchised car dealerships closing down?