Home / used cars / Strong used cars lift Inchcape UK trading profits to £63.5m in 2016 stat : motortrader

Strong used cars lift Inchcape UK trading profits to £63.5m in 2016 stat : motortrader

referring to Taken in isolation UK turnover was £3bn with a trading profit of £63.5m.
Globally, Inchcape saw pre- exceptional pre-tax profits rise 12% to £349.4m on turnover up 14.7% to £7.8bn.
Inchcape turned in a strong performance in the UK and Europe in 2016 with trading profit up 9.2% to £97.1m on turnover up 14.9% to £4.06bn.
“Similarly in aftersales, in line with the increased operational focus on all revenue streams, we delivered robust growth in hours sold and gross profit delivered.
The group grew UK used car volumes by 15% and the group also saw “robust growth” in aftersales in the number of hours sold and gross profit delivered.

Strong used cars lift Inchcape UK trading profits to £63.5m in 2016

As it stated in He quickly realized that everything about security in the world of connected cars revolves around the first owner.
The next day at RSA conference, researchers Mikhail Kuzin and Victor Chebyshev examined app security for the seven most popular car apps for Android.
First a user has to be tricked into downloading a modified version of the car’s app, which is easy enough with a tainted SMS link or phishing email.
At the RSA security conference last week in San Francisco, IBM’s X-Force Red leader Charles Henderson told a twisted tale of a car he couldn’t get rid of.
Now, in our world of daily hacks, breaches and slow-motion security nightmares, these flaws come off as churlish neglect.

How used cars became a security nightmare

As it stated in This fee is apparently to cover the costs for Puspakom inspection, Road Transport Department transfer fee and time (excludes insurance).
Firstly, the prices quoted were way above actual market value, sometimes up to 40% more.
Car dealers typically charge between RM1,500 and RM3,000 in “transfer fee”.
The current business model isn’t working for the dealers either, as many are complaining about slow-moving stock.
Secondly, reduce the “transfer fee” to an acceptable level.

collected by :Haily Jackson

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