Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
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).
Brayleys Group has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum.
Snows Motor Group has become the UK’s largest franchised partner of Seat with the opening of a seventh dealership with the Spanish car brand in Basingstoke.
JCB Group has been revealed as Suzuki GB's latest new franchisee with the opening its first showroom with the brand in Ebbsfleet, North Kent.
Vertu chairman Peter Jones will tell this morning’s car retail group AGM that the group experienced profit declines of £2.3 million from new car sales and £1.1 million from use in the four month period to June 30.
Motorline has trebled its Audi representation in Kent with the acquisition of a further two dealerships sites from Inchcape Retail.
Sinclair Group has added its first Jaguar franchise and a second Land Rover dealership to its growing portfolio with the acquisition of Pendragon’s Stratstone Jaguar Land Rover Swansea businesses.
Vertu Motors has inducted 27 new members into its Masters Club, which recognises colleagues from the group’s 125 dealerships who have excelled in their role and delivered outstanding levels of performance.
Richmond Motor Group has completed the acquisition of Sparshatts Group less than a fortnight after being named as the highest-placed newcomer to the AM100 ranking of the UK largest franchised car retailers.
Pendragon’s recently-appointed chief executive, Mark Herbert, will leave the business at the end of this month according to a statement issued via the London Stock Exchange.
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
Last night's 2019 AM100 Dinner highlighted how franchised dealers groups are battling a decline in new car profits with growth strategies for the other departments in their businesses.
The finalists for new awards being presented at tonight’s AM100 Dinner at the Hilton Birmingham Metropole Hotel have been revealed. New for 2019, not only will guests learn about the key developments in the annual AM100 listing of the UK’s largest franchised dealers, but a small number of awards will also be handed out.
HR Owen’s annual financial results for 2018/19 have revealed that the London-based supercar and luxury car retailer has delivered a four-fold increase in pre-tax profits in the three years since its acquisition by the Malaysian Berjaya Group.
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
Caffyns has appointed Stephen Bellamy as a new independent non-executive director and chairman of the board's Remuneration Committee.
Lookers has unveiled its plans for a new Jaguar Land Rover (JLR) Arch Concept dealership facility in Buckinghamshire.
Lookers has reported growing turnover and profitability across new and used car sales and its aftersales operations in a trading update announced at its AGM today.
Perrys Motor Sales will become Europe’s largest independent Mazda retailer and add further to its Ford representation with the addition of two new dealerships in Kent.