Online vehicle sales force Vauxhall to close one in three showrooms

Vauxhall closing car dealerships following drop in sales

Nothing yet. Dealerships are being given notice at the end of this month, meaning any closures will be taking place over the next two years.

VAUXHALL is to end contracts with its dealerships across the United Kingdom as the company battles falling sales and changing habits among auto buyers.

Vauxhall has the second largest number of dealerships in the United Kingdom after Ford, with 326.

Mr Norman refused to discuss specific numbers but the boss didn't rule out cuts. Despite the seemingly drastic move, Vauxhall at least is expected to retain most of its franchised dealers. "Those retailers [who lose their franchises] will take on other businesses", Norman said.

In a statement, Vauxhall said: "As part of our PACE!"

The MD of Vauxhall Motors, Stephen Norman, told reporters: "The requirements of the industry going forward and the requirements of the brands Opel and Vauxhall. would not require as many retail outlets as the brands now have".

Are Analysts Bullish Johnson & Johnson (NYSE:JNJ) After Last Week?
Therefore 48% are positive. 22 are the (NYSE:JNJ)'s analyst reports since October 18, 2017 according to StockzIntelligence Inc. The company has a market cap of $350,440.66, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

Vauxhall's managing director, Stephen Norman, said: "Conditions in the motor industry are changing, the competition is much more ferocious today especially in the United Kingdom than it was five years ago and inevitably there are different methods of consumption of automotive products and services including online and digital". It will then renegotiate new deals with the best performing 200 or so branches.

Norman said that dealers offered new contracts would be chosen because they rank highly for profitability, "including used auto sales and after sales, as well as customer satisfaction".

The PSA takeover of Vauxhall always looked likely to bring major changes to the famous British brand.

Even before the takeover went through we were seeing increased technology sharing between Vauxhall, Peugeot and Citroen cars and that will only increase in future as more Vauxhall models move to use PSA Groupe platforms and engines.

Vauxhall dealerships across the United Kingdom, including Sheffield, Doncaster and London could be at risk of closure as the struggling auto firm axes branches. What will be most interesting, perhaps, is how PSA attempts to position its expanded stable of brands so that each offers customers something different in the marketplace.

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