Car dealers face a bumpy ride

Article Abstract:

United Kingdom used car prices are dropping faster in 1998 than they did in 1997, due to an oversupply. Demand is sluggish, and this is especially likely to be true for July 1998 since this is traditionally a slow month. Companies involved in this market, such as Car Group, have been affected. Arriva, a car leaser and bus operator, has also been affected since resale values for ex-rental cars have dropped. Consumers should benefit from this drop in prices, especially in Aug 1998 when a new registration letter is used.

United Kingdom, Automobile lease and rental industry, Car leasing, Car rental

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Refurbished and out of the scrapyard

Article Abstract:

Universal Salvage has undergone a recovery and has seen a rise in its stock price. The company collects, stores and disposes automobiles for insurance companies, and has renegotiated contracts with insurers to improve its returns. Universal Salvage can generate additional revenue from selling radios separately from cars, and this is increasingly being carried out at different sites. The company's profit is forecast at 3.8 million pounds sterling for 1999-2000, rising to 4.8 million pounds for the following year.

Management, Used car dealers, Universal Salvage

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The Car Group: used to success

Article Abstract:

The Car Group is carrying out a share issue to fund expansion. The company has a car Supermarket with models under 2 years old at Staffordshire, England. Profits have risen to 4.6 million pounds sterling from 1.7 million pounds over four years. The company aims to open three sites annually to some 10 sites. There has been oversupply of secondhand cars in the UK and this looks set to continue, according to Peter, King, chief executive. The Car Group aims to source cars from fleet companies as well as auctions.

Securities, The Car Group

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