Cambria Automobiles chief executive Mark Lavery has conceded that “over 100 redundancies” are possible within his car retail group when the Government's coronavirus job retention scheme’s (CJRS) furlough period ends.
Cambria Automobiles has reported increased profitability in interim financial results revealing that the AM100 car retail group was performing 'ahead of expectations' prior to the COVID-19 lockdown.
Cambria Automobiles has claimed that a shift towards luxury car retail enabled it to maintain profits as manufacturers adjusted vehicle supplies to mitigate the impact of new EU CO2 emissions regulations.
As indicators of a positive business culture go, a return-on-sales percentage which regularly outstrips that of staff turnover is hard to beat.
Cambria Automobiles and Vertu Motors have both completed the acquisition of Leven Car Company dealership sites less than a fortnight after the Edinburgh-based retail group entered administration.
Cambria Automobiles has reported that it is “well positioned for 2020” despite suffering a 9.4% decline in new car sales in the first three months of its current fiscal year.
Aston Martin’s debut SUV – the St Athan-built DBX – will double sales volumes for the iconic sports car brand’s UK franchised dealers, according to Cambria Automobiles chief executive Mark Lavery.
Cambria Automobiles’ transition towards luxury car sales with the opening of new Bentley, Lamborghini and McLaren showrooms has helped it to a 37.4% increase in profit before tax in its latest annual financial results.
Cambria Automobiles reports that its profit per unit in new and used car sales has strengthened during the first 11 months of its financial year.
Cambria Automobiles has officially opened the doors to its new McLaren Automotive supercar showroom in Hatfield less than a week after opening the doors to its nearby Aston Martin dealership.
Cambria Automobiles has opened the doors to its new Aston Martin dealership in Hatfield to complete its relocation from a temporary showroom at Welwyn.
The winner of the AM Awards 2019 Business Leader of the Year is Mark Lavery of Cambria Automobiles
Cambria Automobiles has reported that increased profit per unit generated by its luxury franchise portfolio helped to mitigate the effects of a 24.9% slump in new car sales during the three months to the end of November.
A look back at AM-online's most read stories in automotive retail from January 2018.
Cambria Automobiles has appointed Chris Roberts as its new operations and business development director with responsibility for the North and Midlands regions.
Cambria Automobiles and BCA agreed on a three-year exclusive remarketing deal which will see around 6,000 vehicles a year sold in weekly sales at the Blackbushe auction centre.
Cambria Automobiles has recorded a 2.2% decline in revenues and 19.7% drop in profit before tax as an overhaul of its franchise representation led to “significant disruption” in its financial year to August 31.
McLaren Automotive’s managing director for Europe, David Gilbert, has said that the brand’s retail focus is on its new franchises in Leeds and Hatfield – but new open points would be considered.
Cambria has marked a new milestone in its luxury-leaning franchise strategy with the opened of its second Lamborghini dealership - introducing the Italian supercar brand to Tunbridge Wells.
MCS Group has completed the build of Cambria Automobiles' new £6.5 million Jaguar Land Rover dealership on the former Swindon Motor Park in Wiltshire.
