The AM100 supplement
AM100
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Car Dealer News 4 AugMarshall further upgrades record 2021 profit forecast
Marshall Motor Holdings has upgraded June’s forecast of record profits for 2021 in a trading update predicting an underlying pre-tax profit of “not less than £40 million” for the year.
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Car Dealer News 30 JulImproved £82.5m offer tabled in Cambria CEO's takeover bid
Cambria Automobiles chief executive Mark Lavery has agreed an improved management buy-out offer of £82.5 million with the AM100 PLC’s board or directors.
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Car Dealer News 30 JulGroup 1 boss predicts release of several years’ pent-up car retail demand
Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
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Car Dealer News 30 JulPositive car buyer demand prompts 20% Pendragon profit upgrade for 2021
Strong demand from car buyers and good levels of stock in the first half of the year have prompted Pendragon to upgrade its pre-tax profit guidance for 2021 by 20%.
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Car Dealer News 29 JulLookers turnaround to deliver £50m pre-tax profit in H1 2021
Lookers has said that a positive swing in performance that will see 2020’s H1 loss of £50 million converted into a £50m pre-tax profit in the first half of this year.
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Car Dealer News 22 JulTrustFord boss Stuart Foulds celebrates group’s record H1 performance
TrustFord chairman and chief executive Stuart Foulds has expressed “pride” in his workforce’s delivery of a £13.6m pre-tax profit in the first half of 2021.
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Car Dealer News 19 JulChorley Group closes all dealerships to celebrate ‘freedom day'
Chorley Group has closed all its dealership sites to mark July 19’s so-called ‘freedom day’ with a break for its workforce.
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Car Dealer News 15 JulMarshall Motor Group to maintain ALL showroom COVID-19 measures after July 19
Marshall Motor Group chief executive Daksh Gupta has confirmed that the AM100 car retail PLC will maintain all COVID-19 social distancing measures after July 19’s ‘freedom day’ – including face masks.
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Acquisitions and deals 6 JulDM Keith adds Ford and Kia franchises with Ringways Group acquisition
DM Keith has completed the acquisition of the Leeds-based Ford and Kia franchised car retail business Ringways Group.
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Dealer profiles 6 JulInchcape CEO James Brearley: 'We're in good shape' after car retail restructure
Inchcape UK will reassert its commitment to growth with the creation of an all-new standalone used car sales division and a series of large-scale dealership development projects.
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Car Dealer News 2 JulLookers CEO Mark Raban is positive after overcoming PLC’s ‘perfect storm’
Lookers chief executive Mark Raban has told AM that he is positive about the group’s future after overcoming a “perfect storm” of legacy issues and COVID-19 to report positive 2020 annual financial results.
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Car Dealer News 1 JulPeter Vardy launches new Carz brand at former Vauxhall sites
Peter Vardy Group has officially left the Vauxhall franchise network and launched its Carz Supermarkets brands at the six Vauxhall sites across Scotland.
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Car Dealer News 1 JulLookers eyes future with confidence after publishing 2020 financial results
Lookers has said that it can now “look to the future with confidence” after emerging from the most challenging period in its history.
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Car Dealer News 29 Jun
Shareholder Hedin openly blasts Pendragon CEO Bill Berman’s bonuses
Major Pendragon shareholder Anders Hedin has once again questioned bonus payments to CEO Bill Berman in an open letter to the AM100 PLC’s other investors.
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Car Dealer News 29 JunTrustFord reports £5.2m loss in COVID-hit 2020 financial results
TrustFord chairman and chief executive Stuart Foulds has said he was “relatively pleased” with the group’s COVID-impacted 2020 financial results – despite recording a £5.2m pre-tax loss.
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Car Dealer News 28 Jun
Marshall continues to evolve after CEO's ‘special’ start to 2021
Marshall Motor Group chief executive Daksh Gupta has given an insight into how the AM100 PLC will continue to adapt to the changing car retail market after a “pretty special” start to 2021.
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Car Dealer News 28 Jun
Lookers delays 2020 financial results publication to FCA's June 30 deadline
Lookers will report its 2020 annual financial results on the Financial Conduct Authority’s (FCA) June 30 reporting deadline after announcing a "short delay" in publication.
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Car Dealer News 25 JunHendy targets July completion for new Lotus Cars Exeter dealership
Hendy Group is targeting a July completion date for its new Lotus Cars dealership development in Exeter – the last of three new franchised sites with the performance car brand.
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Car Dealer News 25 JunMarshall on course to be 'sector winner' after record profit forecast
Marshall Motor Group expects to deliver record underlying profit in 2021 after riding the automotive retail sector’s positive tailwinds of customer demand and appreciating used car values.
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Car Dealer News 24 Jun
Timeframe settled for Cambria CEO Mark Lavery’s proposed £80m MBO
Cambria Automobiles could be trading as a private company by July 29 after a timeframe for the proposed management buy-out by chief executive Mark Lavery was decided this week.
