Hendy Group has vowed to support its car dealership managers with “individual coaching, mentoring and support” thanks to the launch of a new dedicated management development programme.
Lookers highlighted the “resilience and diversity” of its business model as it outperformed the market with a 4% downturn in new car revenues but growth from used cars and aftersales.
Stoneacre has opened its newly “transformed” Chesterfield Volvo dealership following a 12-month long, multi-million pound redevelopment of the site.
Vertu Motors chief executive Robert Forrester has insisted that he is not under pressure from shareholders to deliver growth through acquisition after reporting reductions of 0.9% in turnover and 9.2% in profits in the group’s annual results.
Marshall Motor Holdings has reported a 19.5% increase in turnover and a 14.4% rise in underlying profit before tax in a set of annual financial results hailed as “excellent” by chief executive Daksh Gupta.
Lookers called on its workforce to “focus on the details” and strive to be “best in brand” in 2018 as the car retail group hosted 600 staff at its annual General Managers’ Conference.
TrustFord gained two places to be named 20th in this year’s Sunday Times 25 Best Big Companies to Work For list in the UK.
TrustFord chairman and chief executive Stuart Foulds is targeting greater immediacy in the car buying process in a bid to “differentiate” the business from its AM100 rivals.
Stratstone marked the completion of a refurbishment at its Park Lane showroom with an official opening carried out by form Manchester United and England footballer Rio Ferdinand.
Stoneacre Motor Group is once again on the “acquisition trail” after securing the whole of Nottingham-based Chris Variava car dealership operation for an undisclosed sum.
Pendragon’s share price has rallied following the publication of full-year financial results revealed the AM100’s second largest retail group had suffered a 19.9% dip in underlying profit before tax.
Motorline has started 2018 with the opening of a £14.5 million car dealership development at Gatwick, featuring Lexus, Hyundai and Peugeot showrooms.
Vertu Motors chief executive Robert Forrester has said that the group will be considering how it can best "deploy capital" to drive growth in 2018 following a trading update which revealed a new car sales decline of 15.7%.
Stoneacre Motor Group has reported that there is “ample opportunity for growth” after group turnover rose by 28.5% and pre-tax profits by 29.5% during its 2017 financial year.
UK car dealer groups need to start seeing failure as an opportunity to learn if they are to increase profitability and customer loyalty
Sytner Group has officially opened the UK’s largest BMW/MINI dealership in the form of a 200,000sq-ft facility in Sheffield.
Cambria Automobiles chief executive Mark Lavery has highlighted the group's “cast iron balance sheet” after reporting a 4.9% rise in revenues and underlying profit before tax up 6.6% in its full-year financial results to August 31.
Lookers has reported new car margins and profit per unit for both new retail and fleet cars were higher year-on-year in a trading update on the year to September 30.
Inchcape has revealed that it expects to “continue to benefit from its global diversification and scale” in a trading update which revealed group revenues had risen 14.6% to £2.3 billion in Q3.
Pendragon is set to review and restructure its franchised dealer operations after issuing a profit warning to the London Stock Exchange.