Dealer profiles - Page 54

Sytner and CarShop owner Penske Automotive has reported a record quarter performance after delivering and 8% increase in pre-tax profits to $500 million (£412m).

Inchcape is “confident” of achieving its mid-term growth plans after delivering 53% growth in its adjusted pre-tax profits in the first half of 2022.

Group 1 Automotive has highlighted the strength of its new car order books in the UK after reporting a record Q2 performance.

Motorpoint has added plans for a Coventry used car supermarket sites to its expansion plans for Edinburgh and Milton Keynes after growing its Q1 revenues by over 30%.

Honda UK’s franchised car dealers topped the Auto Express Driver Power Survey’s rankings for customer satisfaction survey.

A Trade Centre Group radio advert which claimed that the retailer was offering “hundreds of cars” for sale with finance repayments of £20-per-week has been banned by the Advertising Standards Agency (ASA).

Chapelhouse Motor Group staff have proved that they are signing to the song sheet of Suzuki’s new #GoodDifferent marketing campaign with a showroom-stopping barber shop quartet performance.

A 20% rise in revenues at multi-site used car dealer V12 Sports And Classics in 2021 was outpaced by a rocketing 63% increase in operating profits, accounts filed at Companies House this month show.

Motorvogue has opened the doors to a second multi-brand car dealership in less than a month as it continues to accelerate its investment in the brands of franchise partner Stellantis.

Snows Motor Group has announced the launch of its online leasing platform Snows Direct, adding to its existing online purchasing and maintenance platforms.

Car retail business have been advised to "flex" staff bonuses and salary sacrifice schemes to mitigate against the impact of the cost-of-living crisis as UK inflation continues to soar.

Eden Motor Group is celebrating fund-raising success after raising more than £30,000 for charities and community groups in the past 12 months.

Group 1 Automotive has promoted its director of operations Mark Bridgland to the post of managing director – ending 22 months without an MD.

Dealers face a “double whammy” of rapidly rising costs and rapidly slowing buyer demand, driven largely by the accelerating cost of living.

The first franchised car retail site to open under Volvo Car UK’s Sponsored Retailer Programme has completed a move into a brand new premium car showroom.

Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.

Open banking is expected to become the most popular payment method in car dealerships by 2030.

Batchelors Motor Group managing director Tony Denton has suggested that UK businesses may have to “start treating extreme heat like extreme snowfall” in a bid to better look after customers and staff.

Chorley has continued its growth in the North-West through the acquisition of Vantage Citroen in Blackpool

Stoneacre has completed the refurbishment of its Volvo Sunderland dealership, following a £5 million investment in the site.

Defibrillators have been installed at 60 Hendy Group sites across the south and southwest, following £36,000 investment.

Nissan Motor GB has announced the sale of its 13 owned West Way dealerships, following the recent dealer terminations in its future Ideal Network Plan.

SsangYong Motors UK has added August Motors to its dealer network.

Burrows Toyota in Barnsley held a party at its showroom to celebrate its fifth Toyota Ichiban award.

Batchelors Motor Group has completed the acquisition of Kineholme of Otley’s Renault and Dacia dealerships to expand its footprint into West Yorkshire.