Hendy Group’s annual financial results for 2021 show that the car retail group delivered a 58.1% uplift in pre-tax profits and 27.2% turnover growth in a “turbulent” climate for car retail.
Stellantis franchisees have accused the car manufacturer of trying to “force the market” with pre-registrations despite an inability to deliver on customers’ new vehicle orders.
Waylands Automotive has rolled out an automated communication platform that will help keep customers informed across its Volvo, Kia and MG dealerships.
Swansway and TrustFord have made efforts to ease the cost-of-living burden and spread some Christmas cheer with large scale festive charity donations.
Drive Motor Retail has celebrated its top performing employees at its annual OverDrive awards dinner.
HR Owen will be the UK’s sole retailer of Hennessey’s 300mph+ hypercars after striking a franchise agreement with the US-based carmaker.
Hawkins Motor Group has a 46.6% increase in pre-tax profits after seeing demand for car purchases “skyrocket” in the post-COVID trading period.
Brayleys Cars has become the latest AM100 car retail group to strike-up a partnership with Karzoom to offer customers a flexible vehicle subscription mobility offering.
Donalds Group has continued its recent growth drive with the acquisition of Wright’s Mazda in Norwich, its fourth franchised car dealership with the Japanese brand.
Mitchell Group channelled the festive spirit to pack the halls of Chester Cathedral for its annual Christmas carol singing spectacular this week.
Your Ford Centre Group has revealed plans for Dundee car dealership after expanding its portfolio in the city previously served by former brand franchisee Arnold Clark.
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
Former Mackie Motors managing director Kevin Mackie has won the right to appeal a ‘seismic’ High Court Judgment which could pave the way for an end to a seven-day termination period for franchised car retailers.
Snows Motor Group is celebrating record financial results in its 60th anniversary year after more than doubling its return on sales and growing pre-tax profits by 183% in 2021.
Vertu Motors has added its first Ferrari supercar and Volvo dealerships to its car retail portfolio through the £117 million acquisition of Helston Garages.
Sandicliffe Group MG dealership staff were left “shocked” but unhurt after a Citroen MPV crashed through the glass front of its newly-refurbished showroom.
FJ Chalke has handed its workforce a total of up to £3,600 in cost-of-living payments as part of a profit-share scheme designed to ease the burden of inflation of its staff.
JCT600 chief executive John Tordoff has set himself the challenge of trekking to Everest base camp after emergency surgery forced him to miss Ben’s charity climb to the summit of Mount Kilimanjaro.
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector’s mergers and acquisitions (M&A) outlook.
LSH Auto customers in Stockport were stunned when they came face to face with football royalty turned I’m A Celebrity… Get Me Out of Here! jungle queen Jill Scott at a festive dealership event.
Police have arrested two men after Marshall Motor Group’s Hyundai dealership in Worcester was targeted in two burglaries in the space of 24 hours.
Arnold Clark will add its first new franchise car retail partner since it exited the Ford and Toyota networks when it becomes Scotland’s sole BYD electric vehicle (EV) retailer next year.
Hendy Group ramps-up the luxury of its franchise portfolio with the opening of a Maserati car dealership in Poole today (December 1).
Arnold Clark’s bid to acquire Yorkshire based franchised car retailer Car2 has ended after the two businesses were unable to strike a deal.
Roadside Garages Kia has been named the National Garage Star in The Motor Ombudsman’s 2022 Star Awards as fellow car retailers Glyn Hopkin, Hayselden and Listers all claimed regional awards.
