AM100 car dealer group Lookers has announced that chief executive Andy Bruce and chief operating officer Nigel McMinn are leaving at the end of this year.
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.
Vertu Motors chief executive Robert Forrester has said that he wishes he could “ban the BBC” among the group’s employees as he bids to block out Brexit negativity to focus on sales process.
Vertu Motors chief executive has said that maintaining the car retail group’s strategic “discipline” to achieve growth in turnover and profits during the six month period to August 31, 2019.
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.
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.
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.
Pre-tax profits dropped by a third at AM100 dealer group Vospers despite growing 2018 revenues by 5%.
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.
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.
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.
Carwow has reported a £15.9m pre-tax loss for 2018 less than a week after it called for investment from car retail partners as part of a new crowdfunding initiative.
Peter Vardy has revealed that it expects to complete 50% of its car sales online by 2023 after crediting a focus on used car sales and aftersales for profit growth in its 2018 financial results.
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.
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.
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.
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.
Hatfields Group has published details of record profitability in a set of 2018 annual financial results which revealed a 7% increase in turnover and 17% growth in profit before tax.
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).
