JCT600 is celebrating a record set of annual financial results for 2018 after the car retail group’s turnover rose 2% to £1.28 billion and profits held flat in what was described as a “challenging year”.
Stoneacre Motor Group has joined forces with AutoConvert in pursuit of an all-encompassing approach to lead management which fuses detailed lead tracking with paperless online finance applications.
Marshall Motor Group emerged as the highest ranking automotive company in the Great Place to Work UK’s Best Workplaces Programme 2019 – finishing in 11th place.
Vertu Motors chairman Peter Jones will step down from his position with the AM100 retail group “in the coming months”.
Vertu Motors’ chairman Peter Jones described the AM100 franchised car retail group's 2018 financial performance as “a credible result” despite a 16.8% decline in profit before tax.
Swansway Motor Group has reported a 35% increase in its profit before tax in its annual financial results for 2018 – despite a decline in turnover.
Pendragon has disposed of its two Hornburg Group Jaguar Land Rover (JLR) dealerships in California as it progresses its plans to reduce its exposure to premium brands and withdraw from the US.
Perrys Motor Sales has said that its launch of the new Perrys Leasing service has come in response to the “seismic shift of millennials preferring to rent rather than buy products and services”.
Conservative party MP Jo Johnson will entertain guests at this year’s AM100 Dinner after dealers hear about the latest industry profitability trends.
Hendy Group has begun a countdown to the opening of a new 200-car Hendy Car Store used car supermarket in Dorset.
The divisional director of Pendragon’s loss-suffering Car Store used car retail network is away from the business on ‘gardening leave’, AM has discovered.
Pendragon has welcomed former AutoNation president and chief executive William Berman as its new independent non-executive director as Gillian Kent stands down.
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
New developments at the 2019 AM100 Dinner will celebrate the ‘unsung heroes’ of dealer groups and the ‘rising stars’ across all motor retail industry companies.
Hendy Group expects to scale the AM100 with a turnover of over £1 billion following its acquisition South Coast-based Westover Group.
Sytner Group has secured a long-term lease on a 34,000 sq-ft building as part of plans to create a PDI and aftersales facility for its premium and luxury car franchises.
Marshall chief executive Daksh Gupta said that the group is well-placed to make “another Ridgeway-style acquisition” as he highlighted a strong balance sheet amid 2018 financial results which revealed a 2% decline in turnover.
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
TrustFord has celebrated the opening of its new £2.2m FordStore in Cribbs Causeway, Bristol, following a £2.2 million investment in new facilities and interactive technology for its customers.
Vertu Motors chief executive Robert Forrester has said that the group is “well positioned to take full advantage of tougher markets” in a trading update for the AM100 car retail group.