Motor retail leaders discuss the merits of an agency sales model following Capgemini's report which found it's an inevitable evolution for franchised dealers
Donnelly Group has revealed a £2.66m pre-tax loss in its annual accounts for 2019 but stated that a rationalisation review of the car retail business had now liberated £8m in annual savings.
Arnold Clark has set aside its car sales priorities with the opening of a £5 million Alternative Fuel Vehicle (AFV) Innovation Centre which aims to educate motorists on the benefits of EVs.
Teams of car dealership employees from across the JCT600 retail network have completed 500-mile challenge in aid of Ben in the run-up to Christmas to smash their fund-raising target for the automotive charity.
Award-winning Groupe Renault retailer Mitchells is courting new car franchises after acquiring Vauxhall specialist Kerridges, at Halesworth.
Donnelly Group has cut its administrative workforce by 50% after rolling out Arena Group’s mstore paperless operating system.
Family-owned Grays of Holbeach in Lincolnshire has added the SsangYong franchise.
As car retailers dust themselves down after the rigours of an unpredictable 2020 AM has compiled a three-minute survey to learn of the sectors’ hopes, fears, challenges and opportunities in 2021.
Harwoods Group has revealed that it will open its new Volvo Crawley dealership in late February 2021 as construction of the new showroom facility nears completion.
Inchcape has reported that its performance during November’s ‘Lockdown 2’ COVID-19 restrictions was “better than expected” – leading to an upgraded pre-tax profit forecast.
Perrys Motor Sales is poised to open the doors to its new Kia Motors UK showroom in Huddersfield after redeveloping a former Rybrook Jaguar premium car dealership site.
Marshall chief executive Daksh Gupta has told AM that the car retail PLC will be “going for it” in 2021 after upgrading its profit forecast, vowing to repay its deferred VAT payments and forego the CRJS in the new year.
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.
