Hatfields Group has published details of record profitability in a set of 2018 annual financial results which revealed a 7% increase in turnover and 17% growth in profit before tax.
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
Lookers is investing £10 million over the next two years in a bid to deliver a “gold-plated” sales process ahead of the launch of an official investigation of the business by the Financial Conduct Authority (FCA).
Richard Hardie Group has expended with the opening of a new MG Motor UK franchised car dealership in Ashington, Northumberland.
Read Motor Group has said that it overcame ‘”aggressive competition” in the new car retail sector to grow turnover and profit during 2018.
Residents have raised concerns about an independent car retailer’s plans to redevelop a former garden centre into a dealership with space for 100 vehicles.
Ford franchisee Pertwee & Back has suffered a 43.4% decline in turnover as it slipped into loss following a decision to improve profitability by placing a “greater emphasis on higher margin retail sales”.
Car retailers recorded an average decline in profit of 31.7% during June as the average sum earned declined by £13,000 to £28,000 during the month, ASE has reported.
Brayleys Group has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum.
Marshall Motor Group hosted around 600 people at an official opening event for its £10 million, 40,000 square foot Jaguar Land Rover (JLR) dealership in Lincoln.
SsangYong Motor UK has added Somerset’s Platinum Motor Group to its list of franchisees with the opening of a new dealership in Frome.
Snows Motor Group has become the UK’s largest franchised partner of Seat with the opening of a seventh dealership with the Spanish car brand in Basingstoke.
Pentagon Motor Group intends to grow its Vauxhall representation to 13 franchised sites with the acquisition of Archie Moss Vauxhall in Loughborough.
Motorline has ended its involvement in the Hyundai Bluewater Store after 16 months, stating that it does “not believe the mid- to long-term viability” of the shopping centre new car sales concept.
Worleys Garage has opened a new High Wycombe Suzuki GB franchise in its former Citroen dealership site in the Buckinghamshire town.
Group 1 Automotive's president and CEO has said that Volkswagen encouraged its recent acquisition of dealerships from Inchcape despite its own plans for a period of consolidation in a “challenging” UK market.
Jardine Motors Group has officially opened the doors of its new £9 million Audi dealership as part of a new major gateway project in Bolton.
Tributes have been paid to “true gent” Michael Marshall following the death of the Marshall Motor Holdings honorary life president at the age of 87.
Rainworth Skoda has celebrated half a century with the Czech brand with the rebranding of the former Bickerton Sheffield dealership it acquired back in 2007.
Inchcape has said that it is targeting “revenue and cost optimisation” in the UK car retail market after its disposal of seven Volkswagen and Audi dealerships this week.
Vertu chairman Peter Jones will tell this morning’s car retail group AGM that the group experienced profit declines of £2.3 million from new car sales and £1.1 million from use in the four month period to June 30.
TrustFord has continued the growth of its wholesale parts business with the opening of new PartsPlus franchised sites in Lincoln and Hull.
McGurk Perfomance Cars managing director John McGurk has been jailed for two months following allegations that he had driven a Ferrari F40 supercar dangerously on the A44 near Enstone.
Vertu Motors, Chorley Group, TL Darby Volkswagen and Available Car Supermarkets were among the winners of the 2019 Auto Trader Retailer Awards.
Farnell Land Rover Guiseley is expanding its offering to incorporate the prestigious Jaguar brand following a £4 million refurbishment of its showroom facility.
