financial results
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Car Dealer News 7 OctPeoples Ford boss repeats no deal Brexit ‘Armageddon’ warning
Peoples Ford chairman Brian Gilda has repeated his warning that a no deal Brexit will trigger “Armageddon” for UK industry as the group announced its latest set of annual financial results.
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Latest News 3 OctImperial Cars opens 10.8-acre Bristol car preparation centre
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.
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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 30 SepArnold Clark reports profit and turnover growth in 2018 results
Arnold Clark’s pre-tax profit increased by 6.5% as group turnover rose by 7.8% during 2018 after growth in used car sales volumes helped to counteract the effects of a decline car retail market.
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Car Dealer News 27 SepRichard Hardie Group posts £218,048 2018 pre-tax loss
Richard Hardie Group has said that “subdued retail confidence”, traffic disruption and the FCA Group's poor 2018 sales performance were to blame for a second consecutive year of pre-tax losses.
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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 17 Sep
BCC Group's pre-tax profit boost amid 'no deal' Brexit concerns
Bolton Car Centre (BCC Group) has expressed concerns about the impact of Brexit despite a 60.7% pre-tax profit boost delivered with the help of a new Hyundai franchise.
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Car Dealer News 4 SepProfits have increased at Cambria Automobiles
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.
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Car Dealer News 3 SepShelbourne Motors expansion follows 28% rise in profits
Shelbourne Motors in Northern Ireland has reported 2018 pre-tax profits of £1.2m, a 28% improvement on the prior year. Its directors will hope for further growth ahead following competion of a £5m investment into a new multi-franchise complex in Newry.
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Car Dealer News 14 AugLookers implements £10m ‘remedial action plan’ ahead of FCA investigation
Lookers is investing £10 million over the next two years in a bid to deliver a “gold-plated” sales process ahead of the launch of an official investigation of the business by the Financial Conduct Authority (FCA).
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Car Dealer News 13 AugMarshall H1 pre-tax profits decline 9% despite strong performance
Marshall Motor Holdings has reported a 9% decline in pre-tax profits in its interim financial results to June 30, 2019 – despite outperforming the UK’s declining new car market.
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Car Dealer News 9 AugRead Motor Group overcomes ‘aggressive competition’ to grow profit
Read Motor Group has said that it overcame ‘”aggressive competition” in the new car retail sector to grow turnover and profit during 2018.
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Car Dealer News 7 AugFord retailer Pertwee & Back posts loss amid reduced fleet focus
Ford franchisee Pertwee & Back has suffered a 43.4% decline in turnover as it slipped into loss following a decision to improve profitability by placing a “greater emphasis on higher margin retail sales”.
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Car Dealer News 31 JulGroup 1 VW dealership acquisitions completed ‘in concert’ with OEM
Group 1 Automotive's president and CEO has said that Volkswagen encouraged its recent acquisition of dealerships from Inchcape despite its own plans for a period of consolidation in a “challenging” UK market.
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Manufacturer 26 JulRenault cuts 2019 targets after H1 profit and revenue decline
A 6.4% H1 2019 decline in revenues and 11.8% dip in operating profit during the first half of the year have prompted Renault to cut its sales targets for the full year.
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Manufacturer 25 JulJLR suffers £395m loss in the three months to June 30
Jaguar Land Rover (JLR) suffered a £395 million loss in the three months to the end of June as sales fell by 12% to 128,615.
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Car Dealer News 25 JulInchcape targets ‘cost optimisation’ after Volkswagen and Audi disposals
Inchcape has said that it is targeting “revenue and cost optimisation” in the UK car retail market after its disposal of seven Volkswagen and Audi dealerships this week.
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Car Dealer News 24 Jul
Vertu Motors reports 8.1% service revenue growth amid faltering car sales
Vertu chairman Peter Jones will tell this morning’s car retail group AGM that the group experienced profit declines of £2.3 million from new car sales and £1.1 million from use in the four month period to June 30.
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Car Dealer News 12 JulMarshall says H1 profits meet expectations and capex under control
Marshall Motor Holdings expects its first half profits to be in line with expectations, and said it has outperformed the market in both retail and fleet new vehicle sales.
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Car Dealer News 12 JulTough trading leaves Lookers expecting 25% slump in first half profits
Lookers has reported that trading toughened in the second quarter of 2019 and warned that its earnings at the mid-year point will likely be down by 25% year-on-year.
