2019 half-year pre-tax profits at Caffyns have plunged 92% from the same period in 2018 as it battled Volkswagen and Audi supply problems and “a difficult economic and political background”.
Caffyns has appointed Stephen Bellamy as a new independent non-executive director and chairman of the board's Remuneration Committee.
Caffyns has blamed a 3.1% decline in turnover in its 2018 financial results on WLTP’s impact on the supply of vehicles from certain car manufacturer brands - with Audi “significantly constrained” by the new regime.
Profits have risen at AM100 dealer group Caffyns following growth in used cars and aftersales.
Caffyns has reported a 16% decline in operating profit despite rising revenues in annual results which detail the “very disappointing” performance of its volume car brands in 2017.
The former chairman and chief executive of Caffyns, Alan Caffyn, has died.
Caffyns has reported a 26.7% fall in underlying profit before tax as turnover rose by 1.25% to £106.5 million in its accounts for the half-year to September 30.
South coast-based franchised car dealers have been donating vehicle for an annual charity sale hosted by Shoreham Vehicle Auctions.
Caffyns has announced that it has installed Contact Advantage software across 12 of its franchised sites.
Most of the UK’s listed dealer groups plan to increase used car revenues, prestige representation or operational efficiency.
Caffyns has reported underlying profit was up in the six months to the end of September by 2.3% to £1.01 million with profit before tax up 221% to £5.49m.
Caffyns has acquired a 2.1-acre “parcel of land” for £1.1m as it prepares to extend its current used car operation in Ashford.
Growth in new and used car sales has boosted Caffyns’ revenues by 10.6% to £232.5m.
Caffyns has completed the disposal of its Lewes Land Rover dealership to Harwoods.
Harwoods Group has increased its Jaguar representation with the purchase of Jaguar Croydon from Cambria Automobiles.
Caffyns Plc is poised to complete the disposal of its Lewes Land Rover dealership to Harwoods Ltd a month before its franchise agreement expires.
Car dealer group Caffyns has lined up former HR Owen finance director Michael Warren to replace its own finance director Mark Harrison this summer.
Caffyns has reported a profit before tax increase of 30% to £1.5 million, with increases across all areas of the business for its half year ended September 30.
Mark Harrison, finance director at car dealer group Caffyns, has given the firm his notice of retirement.
A deal by Caffyns to sell a vacant property in Eastbourne is set to go through next week.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues