car dealer news
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Manufacturer 30 JanVolvo Car UK postpones retailers' agency model launch for three months
Volvo Car UK chief executive Kristian Elvefors has informed the Swedish carmaker’s dealers of a three-month postponement to its planned roll-out of agency model new car retail.
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Car Dealer News 27 JanVanaways moves to new HQ as online van sales soar
Vanaways has moved to a new office complex to support its growing headcount.
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Car Dealer News 27 JanRichmond Motor Group wins MG Retailer of the Year awards treble
Richmond Motor Group delivered an awards double at MG Motor UK’s annual awards, securing the brand’s retailer, group and aftersales dealer of the year accolades.
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News 27 JanMotorpoint: reduced finance income and EV values to impact profits for ‘foreseeable future’
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
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Car Dealer News 26 JanRoger Young named Isuzu UK Dealer of the Year
Roger Young Isuzu has been awarded the Dealer of the Year Award at the Isuzu Dealer Conference and Awards.
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Car Dealer News 26 JanNew senior team set to drive AM100 dealer Howards Motor Group forward
Chris Lee, the new managing director at AM100 motor retailer Howards Group says a focus on aftersales and finance renewals will help his team build on the group’s successful 2022.
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Car Dealer News 25 JanStoneacre Motor Group profits soar 63% in record annual financial results
Stoneacre Motor Group’s profit before tax soared by 63% to deliver a record set of annual financial results for 2021/22.
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Market Insight 25 JanLithia Motors’ Jardine takeover talks highlight UK's ‘undervalued’ car retail PLCs
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
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Car Dealer News 25 JanCambria Automobiles enters ‘chapter two’ after McLaren FD appointment
Cambria Automobiles chairman and chief executive Mark Lavery has said his business is ready to enter “chapter two” of its development after the appointment McLaren finance director Paul Buddin as CFO.
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Car Dealer News 25 JanPendragon predicts ‘better than expected’ 2022 financials after Q4 growth
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
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Manufacturer 24 JanNo more Stellantis UK network cuts despite ‘theoretical’ 40-partner plan
Stellantis UK managing director Paul Willcox has insisted that there will be no more cuts to the carmaker’s UK retail network, despite revealing a ‘theoretical’ 40-partner plan for the longer term.
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Acquisitions and deals 23 JanPendragon suitor Lithia Motors in ‘advanced’ talks over £300m Jardine acquisition
Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.
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Car Dealer News 23 JanArnold Clark blackmailed by hackers following cyber attack data breach
Arnold Clark customers have had their addresses, passports and national insurance numbers leaked on the dark web following a cyber-attack on the car retail giant over the festive period.
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Car Dealer News 20 JanWesterly Exeter and Cotswold Cheltenham win big at BMW/MINI retailer awards
Westerly Exeter and Cotswold Cheltenham have been crowned BMW and Mini Retailer of the Year at an annual awards event hosted by comedian Alan Carr and radio presenter Edith Bowman.
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Manufacturer 19 JanBYD ready for UK launch with five dealer partners
BYD will begin UK sales of its electric Atto 3 model in the coming weeks, following the appointment of five dealer partners.
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Car Dealer News 19 JanStellantis axes 110-year-old Robins & Day car dealer group name
Stellantis has ditched the Robins & Day brand for its UK car dealerships in the AM100 retail group’s 110th year of trading.
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Car Dealer News 19 JanLife-saving showroom staff celebrated at Burrows and Baylis car dealerships
Life-saving car dealership staff from Burrows Motor Group and Baylis have come face-to-face with customers they helped revive after suffering cardiac arrests in their showrooms.
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Car Dealer News 19 JanCazoo plans UK site closures and job cuts after European exit
Cazoo plans to close sites and axe jobs in the UK as part of a ‘Revised 2023 plan’ following its 2022 exit from used car markets on the European mainland.
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Car Dealer News 17 JanHendy Group to expand Nissan representation with Crawley dealership
Hendy Group is poised to expand its retail partnership with Nissan through the opening of a new dealership in Crawley.
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Acquisitions and deals 16 JanMarshall acquires Jaguar Land Rover Leicester from Sturgess Motor Group
Marshall Motor Group has taken its Jaguar Land Rover (JLR) representation t 10 dealerships with the acquisition of the premium carmaker’s Leicester franchise from Sturgess Motor Group.
