All change in the retail sector

OUT of the blue yesterday came the announcement that Constellation had offered to buy car retailing group Marshall of Cambridge

It’s certainly a big move by the owners of BCA, Cinch and We Buy Any Car as it manoeuvres for position with the likes of Cazoo and Carzam, which itself secured £112m of new funding, in the online car retail sector.

While leasing brokers have nothing to fear immediately, these significantly well-funded online operations will potentially attract customers away from the broker market, particularly during a period when OEM discounts have been withdrawn. It’s a space worth watching with interest.

Ralph Morton, editor

Key stories this week:

  • Major Fleet Management Win For Rivervale – read it here
  • RB Associates Scoop Three Awards At Fleet Procure Conference & Awards Event – read it here
  • Read the rest of the newsletter here: Broker News, 23 November 2021

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