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
More Dealer Ops
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →
Survey Reveals What Won't Fix What's Breaking Car Sales
AutoPayPlus says extra-long auto loans are trapping consumers and threatening the dealer trade-in cycle, and that the industry is leveraging the wrong tools to combat high MSRPs.
Read More →