annual financial results
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Car Dealer News 13 JanJohn Clark Motor Group expects to report 'significant' 2020 profit growth
John Clark Motor Group has said that it expects to have profitability “significantly ahead” of its pervious year in 2020 after recovering from the COVID-19 coronavirus lockdown of H1 with a “strong trading” performance.
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Car Dealer News 4 JanPeter Vardy to exit Vauxhall franchise and double used car sales
Peter Vardy will go head-to-head the likes of Cazoo and cinch with a rebranded and expanded used car retail division following improved turnover and profitability in its 2019 annual financial results.
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Car Dealer News 24 DecDonnelly Group 2019 financial results reveal £2.66m pre-tax loss
Donnelly Group has revealed a £2.66m pre-tax loss in its annual accounts for 2019 but stated that a rationalisation review of the car retail business had now liberated £8m in annual savings.
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Car Dealer News 9 DecMarshall upgrades 2020 profit forecast after outperforming car retail market
Marshall Motor Holdings has upgraded its profit predictions for 2020 after it “significantly outperformed” the car retail market in October and November.
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Car Dealer News 9 DecFinance compliance veteran joins as Lookers seeks new CFO
Lookers has appointed Yorkshire Building Society chief financial officer Robin Churchouse as an independent non-executive director and chair of its Audit and Risk Committee, Remuneration and Nomination Committees.
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Car Dealer News 30 NovJohnson Cars targets expansion despite 86.3% 2019 pre-tax profit decline
Johnsons Cars will continue to target growth through acquisitions after posting an 86.3% pre-tax profits decline in its annual financial results for 2019.
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Car Dealer News 4 NovClarks of Kidderminster expansion takes turnover above £100m in 2019
Clarks of Kidderminster has growth its turnover to over £100 million after growing its car retail portfolio with the addition of Citroen, Ford, Mazda and MG franchised sites in 2019.
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Car Dealer News 20 OctPeoples Ford boss ‘delighted’ by COVID-19 resilience in 2019/20 results
Peoples Ford chairman Brian Gilda has said that he is “delighted” with the outcome of a 2019/2020 annual results period which included the took the full impact of COVID-19 lockdown.
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Dealer profiles 19 OctSnows Motor Group CEO Stephen Snow on becoming 'leaner and more efficient'
When Snows Motor Group completed a restructure of its leadership team at the turn of the year its new leaders had no idea they would soon be called upon to fast-track a transformation of the business.
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Acquisitions and deals 19 OctCitygate Automotive acquires Lookers’ West London Škoda car dealership
Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum.
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Opinion 16 OctLookers to publish 2019 results in November after 13.6% Q3 cars sales growth
Lookers has reported that trading in Q3 resulted in underlying PBT “significantly ahead of last year” to largely offset losses recorded in a COVID-19 impacted first half of 2020.
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Car Dealer News 14 OctSytner Group reports 36.6% decline in 2019 pre-tax profits
Sytner Group has reported a 1% decline in revenues and 36.6% decline in pre-tax profits in its 2019 annual financial results.
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Car Dealer News 9 OctEastern Holdings reports turnover and profit growth in 2019 results
Eastern Western Motor Company parent company Easter Holdings has reported a 10.1% increase in turnover and pre-tax profits up 15.1% in the car retail group’s 2019 annual financial results.
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Car Dealer News 8 OctTrustFord celebrates ‘stunning’ Q3 COVID-19 comeback
TrustFord preparing for new store concept and aftersales openings after celebrating “stunning performance” to carry momentum from its COVID-19 comeback in Q3.
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Car Dealer News 7 Oct‘Too early to speculate’ about market floatation, says Cazoo founder
Cazoo founder Alex Chesterman told AM that it is “too early to speculate” about a possible market floatation of the online car retail business, following publication of its 2019 annual financial results.
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Car Dealer News 6 OctShelbourne Motors celebrates 20.5% increase in 2019 pre-tax profits
Shelbourne Motors has marked the first anniversary of the opening of its £5 million multi-brand car dealership in Newry with a 20.5% increase in pre-tax profits in its 2019 annual financial results.
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Car Dealer News 1 OctListers Group’s 2019 financial results reveal 41.3% profit decline
Listers Group has revealed a 41.3% decline in profit before tax as turnover declined by 1.9% in its annual financial results report for 2019.
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Car Dealer News 30 SepArbury Motors Group celebrates Sunday Times PwC Top Track 250 debut
Arbury Motor Group, Car Giant, Riverside Motor Group and Tom Hartley Jnr have all been included among the Sunday Times PwC Top Track 250 rankings of Britain’s leading mid-market private companies.
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Car Dealer News 15 SepSwansway's annual pre-tax profits declined 42% amid 2019 ‘restructure’
Swansway Motor Group has reported a 42% decline in pre-tax profits in its 2019 annual financial results after completing a restructure in which it “eradicated” its loss-making car dealerships.
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Car Dealer News 17 JulCaffyns reports 5.4% revenue decline in 2020 financial results
COVID-19 and the EU’s new RDE CO2 emission regulations were cited as the “key events” which resulted in a 5.4% decline in revenues in the car retail group’s 2020 annual financial results.
