Car Store
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Car Dealer News 27 SepProfits rise for Pendragon despite economy woes
Pendragon, the owner of the Stratstone, Evans Halshaw and Car Store brands, has delivered a positive set of trading results revealing pre-tax profits rising 10.6% to £36.4 million in the six months to June 30.
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Acquisitions and deals 21 Sep
Pendragon rejects new £391m bid by Sytner parent and Sweden’s Hedin
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
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Car Dealer News 29 SepPendragon to relaunch used car sales operation as ZenCar
Pendragon is preparing to launch a fresh used car proposition under the brand ZenCar by the end of this year.
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Car Dealer News 24 Mar
Pendragon delivers underlying PBT of £8.2m in COVID-hit year of two halves
Pendragon has reported an underlying profit before tax of £8.2 million in 2020 annual financial results which painted a picture of a COVID-19 impacted year of two halves for the car retail sector.
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People News 1 MarCarbase appoints new CEO and former Pendragon Car Store boss Chris Caygill
Independent used car dealer group Carbase has appointed former Pendragon Car Store division boss Chris Caygill as its new strategy innovation director and Richard Green as chief executive.
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Car Dealer News 22 Oct
Pendragon ‘almost entirely’ offsets H1 losses in critical Q3
Pendragon has said that it “almost entirely” offset its losses from a COVID-19 impacted first half of the year with an eight-fold increase in underlying pre-tax profits in Q3.
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Manufacturer 3 SepTesla to transform former Pendragon Car Store into Glasgow EV dealership
Tesla is poised to double the scale of its electric vehicle (EV) dealership network in Scotland with the opening of a new Glasgow store in a former Evans Halshaw Car Store showroom.
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Car Dealer News 2 Sep
Pendragon's digital car sales strategy targets £85m to £90m profit by 2025
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
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Car Dealer News 29 Jun
Pendragon rebrand to ‘power’ Evans Halshaw, Stratstone and Car Store
The Evans Halshaw, Stratstone and Car Store car retail businesses will have a “powered by Pendragon” prefix added to their name as part of a rebrand of the AM100 car retail group aiming to add confidence to car buying consumers.
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Car Dealer News 18 Mar
Pendragon braced for coronavirus after £117.4m 2019 loss after tax
Pendragon has revealed that it suffered a £117.4 million loss after tax in 2019 in an annual results statement that revealed the full impact of “significant H1 losses”.
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Car Dealer News 29 JanPendragon update claims ‘significantly improved’ H2 2019 performance
Pendragon has claimed that its performance “improved significantly” during the second half of 2019, as it carried out the closure of 22 of its nationwide Car Store used car dealership sites.
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Car Dealer News 22 Oct
Pendragon reports Q3 revenue decline amid mass site closures
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
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Car Dealer News 2 OctPendragon's Evans Halshaw Car Store closures gather momentum
Pendragon’s plan to close 22 of its 34 UK-wide Evans Halshaw Car Store used car retail sites gathered momentum last week with staff taking to social media to share their sadness at site closures.
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Car Dealer News 18 SepPendragon to close 22 Car Stores following 188% H1 profit decline
Pendragon has announced plans to close 22 of its Car Store used car supermarkets and one vehicle preparation centre after detailing a £32.2m underlying pre-tax loss in its H1 2019 financial results.
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Car Dealer News 12 JunPendragon seeks ‘self-help opportunities’ after significant loss predictions
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
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Car Dealer News 24 AprHendy Group prepares for Dorset Car Store opening
Hendy Group has begun a countdown to the opening of a new 200-car Hendy Car Store used car supermarket in Dorset.
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Car Dealer News 18 AprPendragon Car Store boss Chris Caygill 'on gardening leave’
The divisional director of Pendragon’s loss-suffering Car Store used car retail network is away from the business on ‘gardening leave’, AM has discovered.
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Car Dealer News 17 Apr
Pendragon begins review of operational and financial prospects
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
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Car Dealer News 4 Apr
Hendy to open Dorset Car Store in 2019
South coast automotive group Hendy will open a Car Store used car showroom in Ferndown, Dorset, next year.
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Car Dealer News 15 JanRockar to sell cars at Next stores following Manchester Arndale Centre collaboration
Cars will be sold alongside clothing and homeware at Next stores after omni-channel vehicle retail specialist Rockar announced its first collaboration with the high street name at the Manchester Arndale shopping centre.
