The Evans Halshaw, Stratstone and Car Store car retail businesses will have a “powered by Pendragon” prefix added to their name as part of a rebrand of the AM100 car retail group aiming to add confidence to car buying consumers.
The investigation into fraud at Lookers has exposed a £19 million ‘black hole’ resulting from overstated supplier bonuses, fraudulent expenses claims and the inconsistent application of policies, processes and accounting standards.
Tremont Garage’s managing director has cited “unprecedented events” for his decision to close his family-run Ford car dealership in Llandrindod Wells.
Mercedes-Benz Retail Group has closed its car dealerships in Bromley, Caterham and Chelsea as part of a “realignment” of its operations in the London market area.
Hendy Group is preparing to consolidate its commercial vehicle operations in West Sussex amid changes which will introduce a new Ford Transit Centre and an MG Motors dealership to its portfolio.
One-in-ten car buyers plan to head online to purchase their next vehicle according to BuyaCar research indicating that specialist online traders are set to gain increased market traction.
The Peter Vardy Group has introduced a “Two-Metre Greeter” role to its car showrooms in Scotland as part of a £100,000 COVID-19 protection package rolled out ahead of their June 29 re-opening.
Lipscomb Cars has been given the green light to transform the site of its former Fiat and Abarth showroom in Canterbury into a 64-flat apartments complex.
Jardine Motors has opened the doors to its new £1.2 million Ferrari Approved used car sales dealership and supercar service centre in Sevenoaks, Kent.
Lookers is preparing to shake-up its board of directors in the search for ‘new skills and experience’ to guide the AM100 car retail group through the next phase of its development.
The Prime Minister Boris Johnson has announced that a “one metre plus” social distancing policy will be introduced from July 4 as part of a series of COVID-19 legislation easing measures.
The National Franchised Dealers Association (NFDA) has said that the Scottish Government’s decision to postpone the re-opening of car showrooms will place jobs under “unnecessary economic risk.”
The online car retailer Cazoo claims to have become the fastest UK business ever to achieve a valuation in excess of $1 billion (£800.8m) – joining an exclusive list of companies known as ‘unicorns’.
The lack of a succession plan has resulted in the closure of Canterbury’s Northgate Garage Group after more than 50 years trading in the city.
Perrys Motor Group and Donnelly Group have closed Vauxhall car dealerships in the past week as the Griffin-badged brand continues its network consolidation strategy.
The Welsh First Minister Mark Drakeford has given the go-ahead of car retailers in the country to re-open their showrooms to customers on Monday, June 22.
JCT600 has closed its Volkswagen UK franchised car dealerships in Rotherham and Newark following a decision made prior to the COVID-19 coronavirus outbreak.
The Pentagon Motor Group has severed its ties with the FCA Group with the closure of its dual-brand Alfa Romeo and Jeep dealership in Doncaster.
Scottish car retailers will have to wait a further 11 days before re-opening their showrooms after Scotland’s First Minister Nicola Sturgeon outlined phase two of COVID-19 lockdown easing north of the border.
Pendragon has begun a consultation over redundancies as it plans to reformat its leadership and management structure.
Car dealers across Scotland insist that there was scope for a COVID-19 lockdown exemption for car showrooms as they await news of “phase two” of the Scottish Government’s retail re-opening plans.
Anca Motor Group has added a new Suzuki Brighton dealership to its portfolio.
Russian car retail group boss Sergey Petrov is said to be eyeing a potential move into the UK franchised sector.
Cazoo has completed the appointment of Stephen Morana as its new chief financial officer (CFO), hailing his track record and experience as “second to none”.
Devonshire Motors owner Nathan Tomlinson believes the car retail sector must move quickly to “normalise” socially-distanced car showrooms to avoid deterring anxious customers.
