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Interest rates

How rising interest rates will affect dealer profitability

During the past year, dealerships have experienced an increase in trading activity. In this article, we look at what has caused this buoyant period, and how rising interest rates will affect profitability in the future. Interest rates: The last 12 months in review On the 28th January 2021, the FCA implemented a groundbreaking regulation that …

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3 Important things happening this week

1. The ombudsman investigates complaints about electric vehicles; dealers are under pressure In 2021, one-third of the complaints received by The Motor Ombudsman from electric vehicle owners were about point-of-sale difficulties or poor post-purchase customer care. The rest of the complaints were about their electric car, its systems, or critical feature faults, according to the …

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3 key areas dealers are missing out on that are critical to boosting sales

Renowned investor, Warren Buffet, is credited with saying: “It’s only when the tide goes out, that you can see who’s been swimming naked”. This analogy is used to demonstrate that when business conditions are easy or favorable, companies can look good and may not pay much attention to areas for improvement – and that it’s …

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