Online car sales could spark 27,000 dealership jobs losses within a decade

Car dealers are being urged to move with the time in a bid to avoid a predicted trend which could see online car sales lead to the loss of 27,000 automotive sales jobs by 2027. Research from online review community Trustpilot and the Centre for Economics and Business (Cebr) reveals motorists looking for a new car will become increasingly likely to buy online, rather than from a dealership, with around 20% set to be sold online within a decade. Trustpilot warned that traditional salespeople could take a back seat as tech-savvy consumers become more comfortable making purchases of new and used cars online. The new research uses consumer survey data to predict that car dealers could see more than £41 billion revenue and 27,000 jobs disappear if they fail to adapt to the new sales environment, with nearly £1.5bn worth of sales moving online by 2020. Trustpilot’s UK managing director, James Westlake said “Competition will be stiffer than ever, as dealers will be forced to compete across both traditional and digital sales channels. “The key to winning this race is not just on price, but by generating consumer trust and confidence to buy a car through their platform.” Dealerships are being encouraged to adapt their current business model to meet changing consumer behaviours.   Full...

Dividendos: una cuestión financiera y psicológica

Ignacio Magro, profesor de IE y socio fundador de Finae Partners Si una compañía valora la posibilidad de repartir dividendos, debe tener en cuenta varios factores que no son solo financieros. También influyen comportamientos psicológicos que en muchas ocasiones pesan más a la hora de establecer una correcta política de dividendos. Si una empresa genera beneficios, cuenta con liquidez y no sabe cómo invertirlo de forma rentable, ese dinero debería volver a los accionistas. Se trata de un principio básico desde el punto de vista financiero, pero estas reglas no aplican en la mayoría de los casos ya que entran en juego otros aspectos que tienen que ver con el comportamiento humano. De modo, que surge la cuestión de si se trata de un asunto financiero o psicológico, y esto último tiene una gran influencia. Los dividendos hay que mantenerlos Los accionistas se acostumbran a los dividendos una vez que empiezan a cobrarlos, de modo que hay que mantenerlos en el tiempo. Entonces, para definir una correcta política de dividendos no es suficiente con observar los beneficios o la caja que esté generando la compañía, sino que hay que considerar la capacidad de la compañía de mantener esos dividendos a futuro. Parecería que lo más obvio es explicar a los accionistas cada año si la compañía ha generado suficiente dinero y así definir el dividendo en función a los resultados del año, pero la realidad no es así ya que siempre existe asimetría de información entre los accionistas. El accionista que ha recibido dividendos espera recibir al menos esa cantidad a futuro a no ser que se justifique muy...

VW Group’s retail company to sell 275 dealerships

Volkswagen Group’s retail chain, Porsche Holding Salzburg, one of Europe’s biggest dealer groups, is selling 275 sales locations to Emil Frey Group to concentrate on selling cars only from VW Group’s 12 brands. The acquisition will likely move Emil Frey into the top spot among Europe’s independent groups. Last year the Swiss group was No. 3 behind Penske Automotive at No. 1 and Pendragon at No. 2, according to the 2016 Guide to Europe’s Biggest Dealer Groups compiled by automotive distribution researchers ICDP for Automotive News Europe. The dealerships to be sold are run by Porsche Holding Salzburg’s subsidiary PGA Motors. France has 207 of the affected locations, while the Netherlands has 50, Poland 12 and Belgium six. Porsche Holding Salzburg plans to consolidate its French dealerships carrying VW Group brands into a newly formed subsidiary called Volkswagen Group Retail France (VGRF) starting in July. “Porsche Holding Salzburg would like to further develop its sales activities in France,” CEO Alain Favey said in a statement. “We want to consolidate the 19 dealerships that so far have been part of Volkswagen Group France with 44 retail locations from PGA Motors.”  ...

Super Group expands UK presence with Essex Auto Group acquisition

South Africa-based Super Group has acquired Essex Auto Group in a deal which will see it add to its existing Allen Ford network of dealerships for an undisclosed fee. Essex Auto Group staff were informed of the deal in a meeting with management at the group’s Dunton headquarters on Monday night and Super Group’s chief financial officer, Colin Brown, has now confirmed the details in an interview with AM. The acquisition includes the entire Essex Auto Group, which is made up of five Ford franchises (Southend, Rayleigh, Thurrock Lakeside, Billericay and Basildon head office), Kia sites in Southend and Thurrock Lakeside and Fiat and Mazda in Southend. The acquisition, completed with final exchanges yesterday, sees Super Group’s UK concern rise to a total of 18 Ford sites and doubles the size of its Kia (2) and Fiat (2) representation. Super Group Expands...

Airbus Pop.Up: hacia la tercera dimensión

En los próximos años, el transporte terrestre avanzará hasta el siguiente nivel y, además de ser común, autónomo y estar conectado, pasará también a ser multimodal y se encaminará hacia la tercera dimensión. La empresa aeroespacial Airbus, con la colaboración de la automovilística Italdesign, han presentado en el Salón del automóvil de Ginebra 2017 ‘Pop.Up’, un concepto de transporte que puede convertirse en un coche eléctrico o en un dron capaz de desplazarse por el aire, ambos eléctricos y atónomos. Además, puede integrarse en otros medios de transporte, como trenes o hyperloops. El vehículo Pop.Up combina la flexibilidad de un vehículo terrestre pequeño de dos plazas con toda la libertad y la velocidad de un vehículo aéreo con despegue y aterrizaje verticales (VTOL) que de este modo aúna los ámbitos aeroespacial y automovilístico. Airbus Pop.Up...

Guest Opinion: Time to plug in? The impact of electric vehicles on the asset value of the UK car dealerships

It’s a safe bet that consumers will eventually swap their fossil fuel powered vehicles for electric models. Electrical transport in some form does seem to be the future of the automotive industry. According to International Energy Data in 2009 there were fewer than 6,000 electric cars on the road across 40 countries. In 2015 this figure shot to 1.2 million. The battery currently accounts for a third of the cost of electric vehicles and battery prices fell by 35% in 2015 and by 22% in 2016. This trend is likely to gather pace and is currently on a trajectory that will result in unsubsidised electric vehicles becoming as affordable as their fossil fuels counterparts within the next five years.  ...