Motor Trader Top 200 Franchised Dealer Groups 2024: Trends and Changes in the Automotive Sector

The Motor Trader Top 200 Franchised Dealer Groups for 2024 report is out, and it’s filled with exciting developments in the automotive industry. From big changes in ownership to the impact of the ZEV Mandate, there’s a lot to unpack in this year’s edition.

One of the most significant changes at the top of the listing is the shift in ownership of major dealer groups. Pendragon, Lookers, Marshall, and Inchcape have all been acquired by new owners, signaling a period of consolidation and change in the industry.

Despite the challenges faced during the pandemic, the Top 200 dealer groups continue to grow, with total turnover increasing to £81.3bn. However, profitability has taken a hit, with a decrease in pre-tax profits and return on sales. This shift highlights the need for dealer groups to adapt to changing market conditions and consumer preferences.

The ZEV Mandate is also making waves in the industry, with new regulations requiring a percentage of new car sales to be zero-emission. This has put pressure on dealer groups to increase their intake of electric vehicles and meet the quota to avoid hefty fines. The market is already seeing changes, with Ford hinting at a shift away from ICE vehicles to comply with the new regulations.

In addition to these developments, the report also highlights the entry of Chinese brand BYD into the UK market, as well as the changing landscape of the used car market. Dealer groups like Sytner are rebranding and restructuring their businesses to meet the evolving needs of consumers and stay competitive in the market.

Overall, the Motor Trader Top 200 Franchised Dealer Groups for 2024 report paints a picture of a dynamic and evolving industry. With changes in ownership, new regulations, and shifting consumer preferences, dealer groups must stay agile and innovative to thrive in the ever-changing automotive landscape.