Hyundai continues to fortify its dealer network as part of its strategic, long-term goal to deliver stable and sustainable growth, and it names Andrew Waite as Head of Network Development.
In order to increase profitability for Hyundai’s dealer partners, Waite, who has more than 25 years of automotive sales and fleet experience, will concentrate on expanding the brand’s presence across the nation. He will also promote long-term commercial improvements across the network.
Waite has previously worked for companies such as Fiat Chrysler, Volkswagen Group, and Ford. He brings to the Hyundai UK Senior Leadership team excellent strategic and operational experience.
I’m overjoyed to be joining Hyundai, a company that consistently invests in cutting-edge new products and has seen significant growth in recent years. Working with my new team will enable me to maximize profitability for our businesses while providing an outstanding shopping experience.
This new position comes as the company prepares to introduce a number of completely new models and electrify its whole lineup during a busy season of new model launches in 2020. Hyundai already has the widest selection of electrified powertrains, solidifying the brand’s position as the industry leader in the eco-car market.
With an eye toward the future, the brand has attracted new franchisees and encouraged its current dealer partners to grow. In reality, Hyundai UK now has 167 outlets thanks to the opening of six new dealerships in the final month of the year. From the South West to the North East of the UK, the new locations are dispersed.
While Howards Motor Group added a fourth Hyundai outlet in Weston-Super-Mare, Vertu Motors established two additional locations in Newcastle and Morpeth. Other regions of the country saw the opening of the first Hyundai dealership by Just Motor Group in Preston, Lancashire, and the addition of a second Hyundai location to the portfolio by Ken Brown Motors, who only joined the franchise in 2018. Norwich was added to the Motorvogue network, along with a second Hyundai location. Wilsons Group expanded its Epsom location to include Hyundai in Surrey, enhancing Hyundai’s presence within the M25.
In the UK, there has been a steady demand for our growing model lineup, particularly the alternatively fueled vehicles, which has allowed us to fill a number of strategically significant retail open locations. Our products’ emphasis on efficiency and electrification have drawn retail partners as well as customers, and in the upcoming year, we will debut a number of new vehicles that will be serviced by our robust UK network.
Today, the Hyundai Motor Group announced the opening of the Boston Dynamics AI Institute, which will work to enhance the fields of artificial intelligence, robotics, and intelligent machines.
In This Article...
In the difficult year of 2021, Hyundai gains the biggest market share in the UK.
Due to a “maintained level of supply” during a year in which many companies lost ground, Hyundai Motor UK was able to attain its best market share of 4.2% in 2021.
Sales increased 46.7% year over year, the highest rise of the year in terms of volume with 22,173 more automobiles sold.
As a result, Hyundai’s market share increased from 2.9% in 2020 to 4.2% in 2021.
This, according to the company, is due to a variety of new vehicles introduced during the year as well as expanded consumer options for electric and plug-in vehicles.
In 2021, it sold 12,500 all-electric cars overall, with the Ioniq 5’s popularity causing a late jump in sales.
Despite ongoing market and industry problems, Ashley Andrew, MD of Hyundai Motor UK, said: “We are glad to have seen some good signs of recovery in 2021, leading to a record automobile market share for Hyundai UK.
“This has been driven by the strength of our new product line up, which stretched our alternative fuel offering even further, our ability to maintain a level of supply, and the effectiveness and support of our dealer network,” the company said.
We believe we have the products, the people, and the network to maintain the trajectory even though 2022 may probably provide new hurdles.
With an increase of 20,280 sales, Kia increased its market share from 4.3% to 5.5%, making it one of the year’s other winners.
MG also had a 66.2 percent increase in sales, from 18,415 to 30,600, boosting its market share to 1.86 percent.
With an additional 10,111 sales (9.4%), Audi defied the trend for the German automakers and surpassed BMW in market share.
While Seat’s sales decreased by 5% (2,289 automobiles), its sister brand, Cupra, more than made up for this with 7,584 Cupras sold.
Subaru more than doubled sales, moving from 951 to 2,105 vehicles sold in the year, and Toyota also witnessed an increase in sales of 9,102.
Welcome to Johnsons Hyundai, your local Coventry, Liverpool, Oxford, Slough, Sutton Coldfield, Tamworth, and Wigan Hyundai dealer for new and used Hyundais.
With Chambers joining us, Johnsons Group, one of the biggest dealerships in the UK with a reputation for top-notch customer care, will become even more powerful. Expect the same level of specialized expertise and experience in the Hyundai car brand from other Hyundai dealerships in the Midlands and North West.
The best selection of brand-new Hyundai vehicles is offered by Johnsons Hyundai, which has three locations in the Midlands, one in Liverpool, and one each in Manchester. We are happy to offer the New Generation i10, which has “best in class” interior capacity, as well as the Kona, which is available as a hybrid or electric vehicle, in addition to the aforementioned i20 and Santa Fe. Call right away to learn more about the outstanding construction and unmatched efficiency of our current Hyundai lineup.
Our customers can be sure that everything they receive at the Johnsons Hyundai locations in Tamworth, Slough, Sutton Coldfield, Coventry, Oxford, Liverpool, and Wigan is of the highest caliber. This guarantee also applies to our used Hyundai inventory, which includes some of the most dependable pre-owned vehicles in the nation. This is a result of the rigorous quality checks we submit every used model we receive through. The result is an Approved Used range which delivers peace of mind in addition to amazing value.
We provide a selection of MOT and maintenance services designed specifically for this premium South Korean manufacturer to guarantee that your Hyundai continues to serve you to the best of its capacity. Our teams of specialists will be able to rapidly identify any issues using the most up-to-date diagnostic tools, and they will complete repairs using genuine Hyundai parts. To schedule your vehicle in for service right away, contact Johnsons Hyundai online, over the phone, or in person. To learn more, go to Hyundai.co.uk.
In the US, how many Hyundai dealers are there?
Hyundai Motor America distributes Hyundai cars and sport utility vehicles across the country, and more than 800 Hyundai dealerships sell and maintain them.
In the UK, how many dealerships are there?
According to a recent survey by Car Dealer, there are just under 5,000 franchised auto dealerships in the UK overall. As of the end of January 2021, Car Dealer contacted every manufacturer in the UK and discovered there are 4,769 franchised dealers there.
Which Hyundai dealership is the largest?
The newest and allegedly largest Hyundai dealership in the world has opened in Las Vegas thanks to salesman John Staluppi. Over 50 people will be employed by the facility, which cost close to $6 million. A child’s play area, a service bay with air conditioning and padded flooring for the comfort of the staff, as well as a futuristic $150,000 sign, are all features of the fully outfitted dealership Planet Hyundai.
The newest and allegedly largest Hyundai dealership in the world has opened in Las Vegas thanks to salesman John Staluppi. Over 50 people will be employed by the facility, which cost close to $6 million.
A fully equipped dealership, Planet Hyundai has a kid’s play area, a service area with air conditioning and padded flooring for the pleasure of the employees, as well as a futuristic sign that cost $150,000 and is quickly becoming a Las Vegas landmark.
“hands on a Planet Hyundai” was a campaign run by the new dealership to mark its official opening. The customer who maintained their hand on the car the longest won a brand-new Hyundai Santa Fe in “Survivor” fashion from the dealership. Hourly rest periods for competitors as well as a pit crew of two people were permitted. The Make A Wish Foundation will benefit from the event’s proceeds as well as a percentage of each sale made during the month. The car dealership plans to give the organization at least $10,000.
Oscar Goodman, the mayor of Las Vegas, was present to cut the ribbon on the new dealership.
The nationwide network of dealerships owned by Mr. Staluppi places him as the 14th largest megadealer in the country. On the East Coast alone, he runs 24 businesses.
Who in the USA is the largest Hyundai dealer?
The widest inventory of new and used Hyundai vehicles in the state of Florida is available at Hyundai of New Port Richey, making it the largest volume Hyundai dealer in the whole United States.
In the UK, how many BMW dealerships are there?
Over 150 BMW dealerships sell some of the most cutting-edge, creative vehicles available on the market in the UK.
Who in the UK has the most dealerships?
In the United Kingdom, Ford had the largest dealership network as of January 2017. (UK). Ford had more automobile dealerships in their franchise network than any other manufacturer, with a total of 475 at the start of 2017, when compared to statistics from July 2014. Ford car imports from the US had begun seven years before to the founding of the first Ford dealership in the UK, in 1910. Ford ran over 11,700 dealerships worldwide as of 2016.
Monthly variations had a significant impact on the profitability of vehicle dealerships in the UK. According to data from the previous three years, March consistently proven to be the most successful month of the year, whereas February 2019 experienced an average loss of 19,600 British pounds. Car dealerships made approximately one percent of sales in net profits between February 2018 and February 2019.
It should come as no surprise given Ford’s sales numbers that the firm had the most dealerships. Ford was the top automaker in 2018 thanks to its more than 254,000 car sales in the UK.
How much money do UK auto dealer owners make?
Auto retailers in the UK reported losses of 11,000 British pounds per location in November 2019. Dealerships made an average profit of 8,500 British pounds per site during the same month last year.
The month of March often saw the highest earnings since the Driver and Vehicle Licensing Agency issued new license plates, which helped to boost overall car sales in that month.
How much money do used vehicle dealers in the UK make?
According to a survey by What Car?, the majority of car buyers in the UK think that automakers make up to 20% on the sale of every new car. In the study, 5,000 automobile buyers were included, and of those, 28.2% believed that dealers kept between 10% and 20% of profits from the sale of new cars.
Participants in the poll also provided feedback on used automobile profits. About 35.8% of respondents concur that dealers make between 10% and 20% from used car transactions.
Some auto shoppers believe that dealerships generate unusually high profits. According to the survey, 5.8% of car buyers believe that dealers retain 50% or more of the earnings from the sale of new cars.
However, we are aware that sales of automobiles generate income for both automobile manufacturers and dealers. Who of the two makes more money? That is also addressed in the survey. According to 56.7% of the participants, selling new cars brings in the greatest money for automakers. The remaining 43.3% thought that dealerships made the greatest money.
Despite the fact that everyone is aware that car dealerships exist to make money, Jim Holder, editorial director of What Car?, clarified the situation by saying that “the public’s perception of how simple it is for them to rack up profits provides a fascinating insight into the challenges during a negotiation.”
The idea from a sizable portion of respondents that dealers and carmakers generate more than 20% profit on every purchase for a new or used car is undoubtedly fantastical, but I’m sure it’s conceivable.
But there’s no denying that customers would barter more aggressively if they thought the dealer was making a lot of money.
The study also concentrated on the dealership’s profit margin from the sales of new cars. 15.2% of participants believe that the dealer makes a profit of 5% or less on each new car sale. However, only 30.8% of automobile buyers think that auto dealers make more than 20% of their sales. Surprisingly, 2.6% of respondents believe that dealerships make more than 75% on the sale of new cars.
In a similar vein, car customers expressed their opinions about the retailer’s profit from the selling of used cars. 8.5% of the participants thought the dealer’s returns made up 5% or less of each used automobile they sold. In contrast, 2.1% of automobile buyers believe that dealerships keep more than 75% of the earnings from the sale of used cars.
The truth, however, is radically different from what car buyers think. When they sell a new car, the dealers only keep about 7% of the proceeds. Dealerships, on the other hand, retain 12 to 15% of the proceeds from used automobile sales.
The difference between actual and predicted statistics was acknowledged by industry expert and analyst Mike Jones, who also stated: “Many consumers think dealers make enormous sums since the showrooms are that attractive and expensive, they must be making that much.”