Car supermarkets grew their stock of used vehicles by an average of 11% during September in an effort to capture car buyers looking to buy in the key number plate change month, Motors.co.uk has reported.
Motorpoint has achieved little growth from its half-year trading period, the independent car supermarket group reports.
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
Imperial Cars will aim to prepare 3,500 used vehicles for sale via its car supermarket network each month at its new 10.8-acre Bristol facility which begun operation this week.
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.
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.
Available Car has promoted Steve Alcock to the post of chief operating officer after 17 years with the independent used car supermarket operator.
Big Motoring World has opened a new £14m vehicle preparation centre in Peterborough as part of a bid to drive further growth following the sale of 22,000 used cars in 2018.
The Trade Centre Group will expand into the North with the opening of a sixth car supermarket site in Rochdale before the end of the year.
Independent used car supermarket owner James McConville has said that the search for larger premises is the biggest challenge he currently faces as he seeks expansion for his Solo Cars business.
Motorpoint Birtley’s general manager Richard Start will be expected to hit the ground running after joining the used car supermarket group from the hospitality sector.
Premium independent used car retailer Integrity Automotive has moved into Donalds Group’s former Mazda and Volvo showroom as part of an expansion of the business.
Manheim has agreed a new five-year deal with used car supermarket operator Big Motoring World.
Sytner Group’s Car People used car supermarket network has been rebranded and brought under the CarShop banner.
Motorpoint delivered 6.8% turnover growth and 10% growth in profit before taxation and exceptional items in its 2018 annual financial results.
Carbase has officially opened the doors to its new Vanbase commercial vehicle supermarket in Bristol.
Fast-expanding Motordepot has revealed a 35% increase in turnover and 16% growth in pre-tax profits in a financial period which saw the independent retailer open three used car supermarkets.
Michael Bell has been appointed chief executive officer at Available Car Ltd by his parents, who founded the business.
Hendy Group has begun a countdown to the opening of a new 200-car Hendy Car Store used car supermarket in Dorset.
Motorpoint has put itself at the top of the podium for marketing exposure by support vehicles for a series of high-profile charity runs to be held over the next six months.
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 7 2019
Where: Birmingham NEC
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