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.
Vertu Motors has reported six-months of growth in operating profit, earnings per share, dividends and return on sales despite revenues remaining flat at £1.45bn.
Marshall Motor Holdings' chief executive Daksh Gupta said that the group was in a “great position to continue outperforming the market” after profit before tax rose 32.9% in a record set of interim results.
Endeavour Automotive has celebrated its fifth year of operation, following a rapid succession of dealership acquisitions.
Pendragon chief executive Trevor Finn has reiterated the group’s intention to double used car revenue by 2021 after its H1 financial results revealed a 5.8% fall in new car sales revenues.
The UK’s biggest dealers have vastly increased their representation of premium manufacturer brands, but the impact on their profitability remains questionable.
Sytner Group has acquired BMW and Mini retailer Trainer (holdings) Limited for an undisclosed sum.
Champagne flowed as the biggest names in the franchised car retail sector celebrated the fruits of a record year of sales at the 2017 AM100 dinner.
