Marshall Motor Holdings has upgraded its profit predictions for 2020 after it “significantly outperformed” the car retail market in October and November.
Lookers has appointed Yorkshire Building Society chief financial officer Robin Churchouse as an independent non-executive director and chair of its Audit and Risk Committee, Remuneration and Nomination Committees.
Car retailers delivery of a “stunning” used car sales performance recovery from the depths of H1’s COVID-19 lockdown helped to deliver an £53,000 average profit in October, according to ASE.
The Peter Vardy Group has introduced chalets at its Motherwell branch and its Glasgow CarStore to allow customers to discuss their purchase outdoors during the COVID-19 crisis.
The Sytner Group has completed the latest expansion of its CarShop used car supermarket division with the opening of its largest retail site to date – a “multi-million pound” facility in Nottingham.
Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
HR Owen’s Rolls-Royce Motor Cars dealership in London has responded to a shift towards remote commissioning of bespoke luxury cars and a virtual showroom experience ahead of a move to its new Mayfair showroom.
Read Motor Group will add an MG Motor UK franchise in Grimsby to its car dealership portfolio early in 2021.
The UK Government’s COVID-19 ‘Lockdown 2’ took a £1.3 billion toll on car sales during November as registrations declined 27.4%, according to the Society of Motor Manufacturers and Traders (SMMT).
A fast-thinking TrustFord employee chased and apprehended a car thief who pushed aside a sales executive before speeding from the AM100 retail group’s Castleford forecourt in an £8,000 Audi A1.
Carzam has officially launched its new online car retail platform with a promise to differentiate itself from rivals through the provision of “the absolute best used car stock”.
Arnold Clark has insisted that staff who experience COVID-19 symptoms are instructed to remain at home after allegations that a senior member of car dealership staff exposed colleagues and customers to the virus by continuing to work.
The Cupra brand has reached a “tipping point” in the UK with the impending opening of retail stores at Westfield White City and Lakeside Bromley as part of the performance car brand’s 58-strong dealership network.
Cazoo has added to its high-profile sponsorship deals with Everton, Aston Villa and the Rugby League World Cup 2021 with an agreement to be lead sponsor of cricket’s The Hundred Tournament.
Inchcape UK has agreed the £29.7m sale of its Jaguar Land Rover (JLR) Arch Concept premium car dealership in Southampton to Hendy Group.
Johnsons Cars will continue to target growth through acquisitions after posting an 86.3% pre-tax profits decline in its annual financial results for 2019.
40% of UK drivers say they are now less likely to visit a showroom while researching the purchase of a car, as a direct result of the COVID-19 pandemic, research by Marketing Delivery, has found.
Car retailers have just over a week to prepare for showroom reopening after Prime Minister Boris Johnson announced a December 2 end to ‘Lockdown 2’ – and the return to a three-tier system.
Chorley Group has become the latest AM100 car retail group to respond to the Ben’s plea for help to plug a £1m funding gap – delivering a £10,000 Christmas gift to the automotive charity.
Stoneacre Motor Group has created a dual-brand Aston Martin and Lexus dealership in Newcastle after forging its first partnership with the Japanese premium brand via an acquisition from Jardine Motors Group.
Today, Capgemini have published a report advocating the transition to an agency model for distribution networks, supported by consumer and dealer surveys in Europe and China.
The adoption of an agency model for the car retail sector is now “not an option but an obligation”, according to a report published by Capgemini today.
TrustFord has pledged to donate £20,000 from the TrustFord Trust to Ben in response to the charity’s urgent plea for assistance amid £1m funding shortfall.
TrustFord’s Alperton dealership site has been offered for sale as the Ford of Britain-owned AM100 car retail group consolidates as part of the brand’s plan to close almost half of its UK franchised retail sites.
Business leaders from AM100 franchised car retailers Sytner, Lookers, TrustFord have joined the NFDA in lobbying Northern Ireland MPs on a Brexit tax issue which could result in a 20% price hike for used cars.
