Cuppcar Flashcards

1
Q

How does cuppcar Define value

A
  1. Who they are creating value for - OEM and customers
  2. They provide retail services
  3. Positive customer experience
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2
Q

How do they create value?

A

This is all being done for the customers
- On-going relationships
- Expert knowledge and services
Returning customers

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3
Q

Deliver value

A

-Assisting at every stage of the acquisition
- Advise and assist customers
- Online

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4
Q

Creating residual value

A

-High volume of new and users cards
Maximise profit from future opportunities and services offered
Selling new cars generates sales incentives

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5
Q

How do they maximise Sales

A
  1. Good presentations
  2. Expertise
  3. Strong customers care and follow up
  4. Discounts
  5. Available invetory
  6. Data anayltics
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6
Q

How many dealerships

A

214

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7
Q

How many staff members

A

25000

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8
Q

When was it founded

A

1964

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9
Q

When was it listed

A

1998

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10
Q

What services are provided

A
  1. Finance and Insurance systems
  2. Parts and Services
  3. Sales of new cars
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11
Q

Pricing strategy

A

-Discount against the MRRP, priced below competitors

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12
Q

Inventory

A
  1. We have a system which has list of all new cast that held in the company- The whole company has acces
  2. If we dont have certain car lead time could take longers as all factories are placed abraod
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13
Q

How cuppcar generate additional Revenue

A
  1. Presentation
    - All queries dealt with in one day
    - Smart
    -Aware of all promos and
  2. Customer care
    -Reach out to customers
    -Services
    -Complains being dealt with
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14
Q

How is customer experience changing

A

-Most customer research want they want before hand - already know what they want
-Purchase online
-Customers are will drive to get a good offers
- Prefer the dealership to be reliable

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15
Q

What the average cost of New cars in Wellend

A

20000

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16
Q

What is the average cost of use cars in Wellend

A

16000

17
Q

What is the gross Margin in Wellend on used cars

A

16.25%

18
Q

What is the average gross profit margin on NEW car inc manufactures bonuses

A

12%

19
Q

What margins are set by manufacutres on new cars

A
  1. 2/3% of basic models
    2.10% on Luxury brands
    Insufficient to cover over heads
20
Q

What is total % of cuppcar revenues coming from cars

A

76%

21
Q

What is % of profit coming from cars

A

44%

22
Q

What is the margin on new cars

A

13.7% (slightly higher)

23
Q

What is the margin on used cars

A

19.2% (Higher than industry)

24
Q

Finance and Services

A

Offer 84% of profit margin

25
Q

Parts and services

A

35% of gp and 57.6% margin

26
Q

What is the total margin of all products and services

A

28%

27
Q

What is the highest driver of revenue

A

New cars - 41%

28
Q

What is highest driver of Gross Profit

A

Product and services - 35%

29
Q

What has the highest margin?

A

Finance and Insurance - 84%

30
Q

What lines have increased since 2021 in the P+L

A

1) Cost of Sales
2)Admin and selling advertising

31
Q

What things have improved in the balance sheet

A
  • Trade receivables has decrease and so as inventory
    Total current assets fallen by Inventory
32
Q

Gross profit growth

A

13.4%

33
Q

Operating profit growth

A

6.6%

34
Q

Over profit for the year

A

5.9%

35
Q

Gearing

A

Decline slightly on the year