Last year, a slide of densely-packed figures was flashed up for just long enough for me to see that, in the UK, Vauxhall sells over almost 80 per cent of its vehicles to fleets and company purchasers, the highest proportion of all the car makers.
Business to business sales bring notoriously slim margins, if any. For any brand to be reduced to commodity status, with little emotional appeal to private car buyers, is a disaster. To put it in perspective, one industry paper claimed that GM Europe had lost £8.8bn since 1999. On the continent, Opel’s models are officially priced at a discount of nearly 10 per cent against the mighty VW. When it comes to a real punter negotiating a deal, that discount could end up being even higher.
Caught between high ex-factory costs and low showroom prices, Opel is desperately trying to drive up average transaction prices. According to a Bloomberg report, Opel is embarking on a scheme that will try to get buyers to spend money on high-tech extras such as sophisticated speed-sensitive headlights. Getting the typical customer to tick the options box for fancy headlights and, say, adaptive dampers could add £1800 to the transaction price and put Opel back on firm financial footing.