Pendragon has broadened the footprint of its Sell Your Car and Click and Collect used car retail services with the opening of 10 Carstore Direct sites at Morrisons and Homebase stores across the UK.
Lookers has said that it will maintain its relentless focus on operational optimisation and cash management as “significant inflationary pressures” impact car retail sector’s trading performance.
Marshall Motor Group’s car manufacturer franchise partners have given their backing to the AM100 retail group’s new Constellation Automotive leadership team.
Vertu Motors has said that it remains focused on the delivery of operational excellence around cost, conversion and customer experience as car retail’s headwinds deliver uncertain H2 outlook.
Pendragon has vowed to formulate new remuneration policy after its shareholders voted 65.5% against its plan to hand over multi-million bonuses to its leadership team.
Arnold Clark is set to retire 70-year-old Harry Fairbairn car retail branding ahead of plans to open a new BMW Mini dealership in Glasgow.
Dick Lovett overcame a fire at its Jaguar Land Rover (JLR) dealership, COVID-19 lockdown and the global car supply slowdown to deliver record financial results in 2021.
Pendragon remuneration committee chair Mike Wright has left the car retail PLC after it emerged that the business looked set to face a third successive AGM shareholder revolt over its leadership bonuses.
Pendragon’s leadership team could be set to face another shareholder revolt over “inappropriate” financial bonuses – a year after their last showdown with investors.
AM100 car retail PLC Caffyns plans to open new Lotus and Volvo dealerships after post-lockdown trading delivered a 26.3% rise in revenues and 207.9% surge in pre-tax profits in 2021/22.
Former Marshall Motor Group chief executive Daksh Gupta has said the “time is now right for me to explore new opportunities” following the announcement of his departure from the AM100 car retail group.
Marshall Motor Group has left his position as chief executive of Marshall Motor Group with immediate effect.
Snows Motor Group is continuing to celebrate its 60th anniversary with a year of treats for staff, including 1,000 freshly made pizza lunches.
Bristol Street Motors Motornation has opened its latest dealership in Stockton-on-Tees following a £500,000 investment from the group.
Arnold Clark chief executive Eddie Hawthorne has reported an “excellent” 2021 financial performance with revenues up 25% as pre-tax profits rose 68%.
Lookers has celebrated the achievements of its best-performing staff as part of a company-wide event in Paris to mark the return of its annual Excellence Awards.
Group 1 Automotive has revealed record turnover and profits in an ‘outstanding’ Q1 for its car retail operations in the US and UK.
Sytner Group and Car Shop owner Penske Automotive has revealed “all-time record quarterly results” in Q1 2022 in a trading update from the car retail giant.
Inchcape has forecast a 25% rise in pre-tax profits in 2022 despite its withdrawal from Russia’s car retail sector and a vow that it has “no intention to re-enter the market”.
Vertu Motors has invested £2 million to create a new multi-franchise Macklin Motors car dealership in Dunfermline.
