Pentagon Motor Group owner Motus Group UK grew its per-tax profits by over 60% in its 2021/22 financial year, despite a decline in turnover.
Vertu Motors has revealed that it is engaged in “advanced discussions” over the potential acquisition of £512 million turnover premium car retailer Helston Garages Group.
Luxury car retailer HR Owen has said the foundations for its future success are “firmly in place” after growing its revenues and profits while driving investment in property and business growth in 2021/22.
Experienced motor retailers will share their views about coping strategies for a climate of high costs and constrained sales in the Inspiration Theatre at Automotive Management Live 2022 this Thursday (November 10).
Pentagon Group has become the latest AM100 car retailer to implement Sunday closing at its dealerships, implementing a three-month trial of the new working pattern.
Peoples is considering new car retail franchise partnerships after 24 years solely representing Ford, despite recording the best annual financial results in its 39-year history.
Scottish car retailer Easter Western Motor Group has reported a 102.5% uplift in pre-tax profits and 23% revenue growth in its annual financial results for 2021.
Vertu Motors has become the UK’s largest BMW Motorrad motorcycle retailer with the £4.4 million acquisition of two Yorkshire dealerships from Saltaire Motor Company, which trades as Allan Jefferies.
Inchape has appointed former BP finance director Byron Grote as a non-executive director.
The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Group 1 Automotive has rebranded its Barons and Chandlers BMW and Mini dealerships under new Group 1 BMW and Group 1 Mini banners as part of a bid to offer “transparency”.
JCT600 chief executive John Tordoff has told AM that the family-run car retail group has mapped out a future strategy for the first time in its history after a series of life-changing events.
Lookers increased its full-year profit expectations to £75 million and kicked-off a £15m share buyback programnme after reporting strong performance in a Q3 trading update.
Taggarts' Jaguar Land Rover (JLR) and Volvo premium car dealerships will be rebranded after more than 120 years' trading as Lookers moves to unify its operations in Scotland.
Cumbrian AM100 car retailer Lloyd Motor Group has continued it recent push for expansion with the acquisition of P.V. Dobson’s Volvo Car UK dealership near Kendal.
Endeavour Automotive taken its Hyundai representation to seven locations with expansion in East Anglia through the acquisition of car retail group Turners.
Marshall Motor Holdings has reported 74.6% turnover growth and a 354.4% rise in pre-tax profit in its first financial results since the acquisition of Motorline and privatisation by new owner Constellation Automotive.
Growing AM100 PLC Vertu Motors' high-profile efforts to leverage marketing and sponsorships to boost its profile will deliver "surprises" in the months ahead.
Vertu Motors chief executive Robert Forrester has said that the car retail giant could grow “anywhere at any time” after revealing H1 results which suggest it is scaling the AM100 rankings.
Day’s Motor Group chairman Graham Day has praised the businesses “dedicated staff” after it recorded a 210% increase in pre-tax profits during a COVID-impacted 2021 financial year.
