Jaguar Plans to Shrink Dealer Footprint
Reports say many stores will be asked to give up their franchises as UK brand leans toward online sales.
Dealers who lose their Jaguar franchises could apparently continue as Land Rover stores.
IMAGE; Jaguar
Jaguar plans to drastically reduce the number of its franchised dealerships in a move toward more online sales, according to news reports.
United Kingdom-based automotive news site Car Dealer reported that the British luxury vehicle maker could reduce the number of Jaguar dealers in its home territory from about 80 to 20 in the next two years, though Jaguar said it’s not ready to reveal details of its plans for “retail partners.”
The publication said dealers who lose their Jaguar franchises could continue as Land Rover stores. It said Jaguar revealed its plans to dealers at an investors meeting, details of which were shared with Car Dealer.
The planned changes come as automotive dealers fret about more online sales along the model of Tesla and other electric-vehicle startups that largely bypass the traditional franchise system. The Covid pandemic made such sales more common and normal to consumers as many dealerships were forced to close during the height of lockdowns.
LEARN MORE: Jaguar Land Rover Reports Profit for Q3 of Its Fiscal Year
Originally posted on Auto Dealer Today
More Industry
Ownership Priorities are Shifting
A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.
Read More →
Pump Price Jump Calculated
ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.
Read More →
Black Book: Weekly Market Update
Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.
Read More →
Arkansas Auto Group Acquires First Indiana Rooftop
Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.
Read More →
Stellantis to Dive Into U.S. Lending
The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.
Read More →
New-Vehicle Prices Rise
With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.
Read More →
Black Book: Weekly Market Update
Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.
Read More →
Black Book: Weekly Market Update
Conversion rates were flat last week at 63%, Black Book analysts calculated, as low-mileage and almost-near units outpaced the overall market.
Read More →
EU Auto Association Urges Action
Trade relations between the European Union and the U.S. are at risk, causing the European Automobile Manufacturers Association to push lawmakers to make a decision.
Read More →
Driving into the Super CFC Era
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →