Category: car dealer
-
Maruti Suzuki, MG Motor only firms to offer 5% average fixed dealer margins
Currently, only Maruti Suzuki India and MG Motors offer average dealer margins of five percent in the mass segment, which is less than 7 percent of the selling price that automotive dealers demand from automakers. According to a recent survey by the Federation of Automobile Dealers Association (FADA), average fixed dealer margins in India are…
-
UK: Car dealership motors out of virus lockdown
Businesses at the Vauxhall Car Showroom in Chingford, north-east of London, are pushing ahead of the UK’s lockdown limits this week in the area affected by the coronavirus. Car dealerships in England have reopened as the UK government eases into the Covid-19 measures that have broken the industry and reversed the economy. “When we reopened,…
-
Snowman Logistics reinitiates expansion plans at three locations
Integrated temperature-controlled logistics service provider Snowman resumed expansion plans at three new locations on Wednesday. The share buyback stopped after the deal was signed. Gateway Distributions Limited (GDL), its promoter, recently concluded a share buyback deal to sell its 40.25 percent stake in Snowman Logistics to Adlogistics for Rs 295.92 crore. Snowman is the largest…
-
Auto dealers planning to launch own online sales platform
Automakers have announced a major shift to digital dealerships, attracting customers to flee sales last month, but a group of dealers is launching their own online sales platform to fight the data. Dealerships that opened last week are on foot. Hyundai, Tata Motors, Honda, and Mahindra have announced their digital platform. However, large dealers, especially…
-
The US car industry is restarting after Covid. Now what?
: Coronavirus pandemic automakers have had to close all auto plants in North America. When companies close their factories across the board and close in March, they will reopen their various facilities in stages and gradually reintroduce the product. It will take months – perhaps years – for companies to restore production before the crisis.…