CarSupermarket and Motordepot owner Aramis Group is hoping to raise as much as £481m through an initial public offering (IPO) at as its targets “profitable growth” – including dealership acquisitions.
Constellation Automotive Group has switched the focus of its Corby used car preparation centre from Cazoo to its own cinch online retail offering – delivering a potential 30,000 cars per year.
Lookers has opened the doors to its new £4.6 million Jaguar Land Rover (JLR) dealership in Bishop’s Stortford.
Lookers has revealed that chairman Phil White will stand for re-election at its AGM as the AM100 PLC’s search for a successor continues.
Alfa Romeo has named Derby’s Beechdale Motor Group as its top car dealer in a COVID-hit 2020 at its annual Retailer of the Year Awards.
South of England car dealer group Caffyns has clawed soundly back into the black amid the coronavirus pandemic thanks to efficiencies, state support and investment in online sales.
Devonshire Motors has appointed Mitsubishi Motors in the UK’s Paul Alexander as its new aftersales operations manager as the car retailer embarks on a “major transitional period”.
Peugeot UK named Howards Garages’ Weston Super Mare dealership as its top UK franchisee as it celebrated the achievements of its best franchised car retailers at its Guild of Gold Lion awards.
LSH Auto UK has added a new car retail franchise to its Mercedes-Benz Erdington dealership after a £250,000 introduced the German premium brand’s latest corporate identity standards.
JCT600 has overcome setbacks caused by the COVID-19 crisis to start work on its new £9 million Ferrari supercar dealership and service centre in Leeds – the highest value project in its history.
DM Keith has gained planning approval to expand its Braford Skoda dealership's used car sales site beside a major new road development.
Swansway Group expects its electric vehicle (EV) sales to soar by 150% in 2021 as the range of available models broadens and becomes affordable.
Perrys Motor Sales has opened a new MG Motor UK dealership in Aylesbury, taking the brand’s network growth to 28th locations in just 12 months.
Motorpoint has emerged as the UK’s best automotive business for employees in Best Companies’ annual Top 100 Company to Work for in the UK awards rankings.
Lookers will return to “normalised reporting” of its annual financial results after renewing its banking facility and reporting continued strong trading momentum the first four months of 2021.
TrustFord has embarked on a nationwide tree-planting exercise and donated £10,000 to green community projects in response to a residents’ backlash over tree felling at its newly-acquired Wimbledon Ford dealership.
Rapidly-expanding used car supermarket group Trade Centre UK is set to follow-up this month’s opening of a new site in Rotherham with the transformation of a former cinema in Walsall.
Macklin Motors hedged its bets with football fans in Scotland’s capital by securing sponsorship deals with rival teams Heart of Midlothian FC and Hibernian FC.
Mercedes-Benz has confirmed that it is considering the sale of its London-centric, nine-dealership Mercedes-Benz Retail Group car retail operation in the UK.
Mercedes-Benz is consulting its retailers on agency model franchise contracts as Volkswagen Group revealed the switch is likely to be completed for its electric vehicle (EV) model sales by the start of 2023.
Used car prices are soaring as car retailers report demand so strong that the “can’t stock the forecourt fast enough” – and supply shortages look to continue the trend.
Marshall Motor Holdings CEO Daksh Gupta has told AM “I can hold my head high” after the AM100 car retailer vowed to repay £4m in Government COVID support – and still match its 2019 financial performance in 2021.
Pendragon chief executive Bill Berman will receive bonus payments criticised as being “out of tune” despite a 42.2% vote against the PLC’s director remuneration at today’s AGM.
Car retail industry leaders from Marshall Motor Holdings and JCT600 are set to climb Mount Kilimanjaro as part of the Ben charity’s latest fund-raising challenge.
Staff across the TC Harrison business cut cake and raised a glass as the Ford car retail group celebrated its 90th birthday this week.
