Car dealer news - Page 44
Cazoo restructure ‘starting to bear fruit’ in Q1 financial results
Used car retailer Cazoo reported a 690% year-on-year growth of gross profit per unit and overall gross profits up 367% to £14 million in Q1 as its CEO asserted that its sweeping restructure was starting to “bear fruit”.
Inchcape’s Q1 car retail revenues 'adversely impacted' by agency model shift
Inchcape chief executive Duncan Tait said that the automotive distribution and car retail PLC had made an “excellent start to 2023”, despite the adverse effects of certain OEMs’ shift to a direct-to-consumer agency model.
Eco-friendly car sales take root with Stoneacre tree-planting partnership
Stoneacre Motor Group’s efforts to deliver eco-friendly car sales have seen it branch out with a new tree-planting partnership which has taken root in its Lexus Newcastle and Lexus Teeside dealerships.