Dealer profiles - Page 59

Norton Way has reimagined its used car retail model with the launch of its new Carverse dealership in Knebworth.

A BBC Watchdog investigation has called into question online car retailer Cazoo’s 300-point check on all its vehicles after failing to uncover documentary evidence of such scrutiny being carried out.

Lookers has posted a record pre-tax profit of £90.1 million after navigating challenging new car supplies and trading on strong used car margins.

Swansway Group has followed a COVID crisis-defying set of record annual financial results in 2021 with a further 147% surge in pre-tax profits during 2021.

Few industry executives expect all UK car sales networks will be operating under agency contracts by the end of the decade, however the switch to agency is predicted for a sizeable portion.

Marshall Motor Holdings chief executive Daksh Gupta has highlighted shareholders’ three-fold return on investment on the seventh anniversary of the car retail group‘s IPO on the London Stock Exchange.

Waylands Automotive and Cambria Automotive picked up awards as the National Franchised Dealers Association’s (NFDA) Spring Ball returned to “celebrate automotive excellence”.

Renault Retail Group will be the first Dacia retailer to adopt the brand’s new corporate identity at its dealerships, with rebadged vehicles on their way later in 2022.

Sytner Group has added a trio of BMW and Mini dealerships with the acquisition of Stevenage-based Specialist Cars.

Lookers has completed the sale and leaseback of its freehold Volkswagen car dealership property in Battersea for £28 million.

The Hilton Group has officially opened its new 75,000 square foot classic car showroom, restoration and accident repair facility in Bishop’s Stortford.

HR Owen is set to become the first international car retail partner of US-based hypercar manufacturer Czinger Vehicles.

Peter Vardy Group has raised more than £200,000 for the people of Ukraine and will donate 10% of its profits in March to humanitarian projects in the country.

Motorvogue has established two regional divisions each led by newly appointed operations directors.

The Government is introducing a new second-hand motor vehicle export refund scheme, in October.

Shelbourne Motors is expanding its multi-franchise Newry complex with a new Maxus dealership.

The Rybrook Group has increased its sales conversions by adopting a suite of digital marketing tools from Marketing Delivery.

Health benefits, enhanced annual leave and subsidised gym memberships are part of a new wellbeing package introduced for staff at AM100 dealer group Drive Motor Retail.

Guy Salmon’s network of 17 Jaguar Land Rover (JLR) car dealerships is set to be rebranded under the title of its parent company Sytner Group.

Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.

A used car retailer estimates that he has been left with a bill of around £50,000 after a crashed car overturned onto his dealership forecourt – damaging a number of vehicles.

Isuzu UK has recognised its top performing retailers at its annual Dealer Conference and Awards, with York Van Centre named Dealer of the Year.

Pendragon is set to become the UK’s first Jaguar Land Rover (JLR) franchisee to showcase a new 'Modern Luxury' dealership design philosophy for the OEM’s premium brands.

Perrys Motor Group managing director Darren Ardron told the AM News Show Podcast that it felt like the car retail sector was getting “back to reality” in 2022 – but highlighted reasons for optimism.

The AM Awards 2022 is set to welcome ITV News anchor Nina Hossain as host and comedian Milton Jones when car retail's showcase event takes place in London this May.