AM100
-
Car Dealer News 9 OctVertu maintains ‘discipline’ to deliver turnover and profit growth
Vertu Motors chief executive has said that maintaining the car retail group’s strategic “discipline” to achieve growth in turnover and profits during the six month period to August 31, 2019.
-
Car Dealer News 8 OctTrustFord continues Parts Plus network expansion in Preston
TrustFord has continued its expansion into wholesale parts sales with the opening of a new PartsPlus centre in Preston.
-
Retailing 3 OctBiggest dealer groups acquiring more premium franchises
Premium car manufacturers and the largest UK motor retailers are increasingly seeking each other out
-
Car Dealer News 30 SepArnold Clark reports profit and turnover growth in 2018 results
Arnold Clark’s pre-tax profit increased by 6.5% as group turnover rose by 7.8% during 2018 after growth in used car sales volumes helped to counteract the effects of a decline car retail market.
-
Car Dealer News 26 SepPendragon non-executive director Richard Laxer steps down
Pendragon will broaden its search for new members of its senior leadership team after non-executive director Richard Laxer stepped down after 10 months on the car retail group’s board.
-
Car Dealer News 24 SepPeter Vardy to complete 50% of car sales online by 2023
Peter Vardy has revealed that it expects to complete 50% of its car sales online by 2023 after crediting a focus on used car sales and aftersales for profit growth in its 2018 financial results.
-
Talent & People 20 SepAM100 roundtable: ‘Nobody knows what the FCA will rule’
Delegates at the AM100 round table discussed FCA compliance, online sales and CI demands
-
Car Dealer News 18 SepPendragon to close 22 Car Stores following 188% H1 profit decline
Pendragon has announced plans to close 22 of its Car Store used car supermarkets and one vehicle preparation centre after detailing a £32.2m underlying pre-tax loss in its H1 2019 financial results.
-
Car Dealer News 17 SepLookers opens 63,600sq-ft Audi Farnborough showroom
Lookers Group claims to have created “a true destination for everything Audi” with the official opening of its new 63,600sq-ft car dealership in Farnborough.
-
Car Dealer News 12 SepPerrys brings Citroen and Peugeot together at new Nelson showroom
Perrys Motor Sales has brought together the PSA Group’s Citroen and Peugeot franchises under one roof at a new dual-brand showroom in Nelson, Lancashire.
-
Car Dealer News 11 SepInchcape generates £76m with Australian car dealership disposals
Inchcape has generated £76m with the disposal of six Volkswagen, BMW, Mini and Jaguar Land Rover (JLR) retail sites in Australia.
-
Car Dealer News 10 Sep
Pendragon business restructure could include 1,300 redundancies
Pendragon could be poised to make 1,300 redendancies as part of a business restructure designed to stem its faltering financial performance.
-
Car Dealer News 6 SepHendy to rebrand former Westover Group car dealerships
Hendy Group is preparing to embark on a rebrand of the Westover Group dealerships it acquired at the start of 2019.
-
Car Dealer News 6 SepMarshall Motor Group opens new Lincoln Nissan showroom
Marshall Motor Group has opened the doors to an all-new Nissan dealership in Lincoln with a special sales event celebrating the opening until September 15.
-
Car Dealer News 5 SepApprentices hailed as ‘the lifeblood’ of Arnold Clark
Arnold Clark chief executive and managing director Eddie Hawthorne has hailed the AM100 car retail group’s 835 apprentices as “the lifeblood” of the business.
-
People News 22 AugPendragon Vehicle Management welcomes Marc Samuel as B2B director
Pendragon Vehicle Management (PVM) has welcomed former Honda UK fleet sales operations manager Marc Samuel as its new director of B2B.
-
People News 21 AugInchcape appoints Gijsbert de Zoeten as chief financial officer
Inchcape has appointed former LeasePlan chief financial officer Gijsbert de Zoeten as its own CFO following Richard Howes’ decision to leave the AM100 car retail group.
-
Car Dealer News 16 Aug
Pendragon agrees £17.2m California Chevrolet dealership disposal
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
-
Car Dealer News 14 AugLookers implements £10m ‘remedial action plan’ ahead of FCA investigation
Lookers is investing £10 million over the next two years in a bid to deliver a “gold-plated” sales process ahead of the launch of an official investigation of the business by the Financial Conduct Authority (FCA).
-
Acquisitions and deals 6 AugBrayleys Cars adds four dealerships with Thames Honda acquisition
Brayleys Group has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum.
