AM100
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Acquisitions and deals 16 JanVertu Motors acquires four Sytner Group Volkswagen dealerships
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group.
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Car Dealer News 23 DecSytner Group opens £9m BMW Cardiff car dealership
Sytner Group has opened the doors of its £9 million BMW car dealership in Cardiff after contractor MCS Group met its Christmas deadline for completion.
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Car Dealer News 9 DecStoneacre Motor Group opens Volvo Sheffield dealership
Stoneacre Motor Group has opened the doors to a new Volvo Car UK dealership in Sheffield following a £6 million investment.
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Car Dealer News 27 NovSytner Group set to open £14m CarShop car supermarket in Bristol
Sytner Group’s used car supermarket division will launch a new drive-in service centre concept when it opens the doors to its 10th CarShop site in Bristol this weekend.
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People News 25 NovLookers recruits former HBOS CIO with 'valuable' regulatory expertise
Lookers has appointed former HBOS chief information officer Heather Jackson as a non-executive director of the company with effect from today (November 25).
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People News 21 NovDarren Guiver leaves Group 1 Automotive managing director post
Group 1 Automotive has parted company with its managing director Darren Guiver after the Spire Automotive founder decided to "take time away from the business”.
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Car Dealer News 20 NovCambria luxury car sales switch delivers 2018/19 results success
Cambria Automobiles’ transition towards luxury car sales with the opening of new Bentley, Lamborghini and McLaren showrooms has helped it to a 37.4% increase in profit before tax in its latest annual financial results.
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Car Dealer News 12 NovMotorline opens new Maidstone Lexus dealership
Motorline Group has officially opened the doors at its new Lexus franchised dealership in Maidstone – increasing its representation with the Japanese premium car brand.
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Car Dealer News 22 OctHendy Group claims Solent Business Awards’ Company of the Year title
Hendy Group has claimed the Solent Business Awards’ Company of the Year accolade after judges recognised its profitability, innovation, employment growth and a “near-doubling” of its turnover in 2019.
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Car Dealer News 22 OctPendragon reports Q3 revenue decline amid mass site closures
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
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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.
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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.
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Retailing 3 OctBiggest dealer groups acquiring more premium franchises
Premium car manufacturers and the largest UK motor retailers are increasingly seeking each other out
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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.
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Car Dealer News 26 Sep
Pendragon 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.
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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.
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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
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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.
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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.
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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.
