The 2020 AM100 list of the UK's largest franchised dealers will be announced in an AM100 webinar on Wednesday (Nov 18) and our final guest panelist has been secured.
Lookers has said that the launch of a recruitment drive to take on largest-ever intake of apprentices in 2021 is a sign of its “confidence and ambition for the future”.
Inchcape’s car retail revenues declined 17% during Q3 despite a ‘stronger than expected’ COVID-19 recovery from its operations in the UK and Europe.
Perrys has closed its Ford dealership in Retford as part of the car manufacturers plan to close almost half of its UK franchised car retail locations.
Hendy Group is considering an appeal after a planning decision which rejected plans a £25 million ‘Motor Village’ multi-brand car retail site at Tunbridge Wells.
Pendragon has said that it “almost entirely” offset its losses from a COVID-19 impacted first half of the year with an eight-fold increase in underlying pre-tax profits in Q3.
Harwoods Group has completed the development of a new glass-sided Audi aftersales facility in Portsmouth in an effort to bring customers a “future now” car servicing experience.
Vertu Motors has confirmed that it is in discussion with a number of parties over the acquisition of “a number of BMW dealerships” following speculation that Inchape is set to sell a number of sites.
Sytner Group has reported a 1% decline in revenues and 36.6% decline in pre-tax profits in its 2019 annual financial results.
Marshall Motor Holdings has reforecast its 2020 performance expectations after a “stunning” September of new and used cars sales – targeting a £15m underlying profit before tax.
Vertu Motors’ COVID-19 recovery accelerated the AM100 PLC to a £19 million profit in Q2 to reverse a £14.3m Q1 loss and deliver a profit in a challenging period for automotive retail.
The Steven Eagell Group has opened a new Lexus used car showroom and aftersales facility in Kings Lynn with the relocation of its Toyota franchise in the Norfolk market town.
The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
Pentagon Motor Group welcomed Vauxhall sales director Stephanie Howson to Sheffield to officially open its new dealership facility in the city.
Former Endeavour Automotive managing director Adrian Wallington has re-joined former employer Marshall Motor Holdings as commercial development director as one-of-four new appointments for the AM100 PLC.
Stoneacre Motor Group’s founder and owner Richard Teatum has invested over £3 million in rival car retail group Vertu Motors.
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
Cambria Automobiles is embarking on series of cost-cutting measures which will include a "significant reduction" in employee headcount due to the impact of COVID-19 lockdown.
A ‘false economy’ which has seen the UK’s car retail sector deliver on pent-up demand from the COVID-19 lockdown is masking the true extent of impending redundancies in the sector, Pendragon boss Bill Berman has told AM.
Pendragon has announced a plan to axe 1,800 jobs from its UK car retail network as part of a bid to create a “leaner and more sustainable operating model” in the wake of the COVID-19 crisis.
