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.
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.
