Inchcape UK
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Car Dealer News 21 OctInchcape Retail reports £76.4m pre-tax loss from COVID-hit 2020 trading
Inchcape Retail suffered a near tenfold year-on-year decline in profitability as it revealed a £76.4m pre-tax loss in annual financial results for its COVID-19 impacted 2020 trading period.
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Latest News 18 OctInchcape CEO accused of 'untruths' as High Court JLR dealership case is dismissed
A High Court judge concluded that Inchcape UK CEO James Brearley appeared prepared to “tell untruths” after dismissing a case that a law firm’s negligence prevented him from opening a Jaguar Land Rover dealership in Wolverhampton.
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Car Dealer News 16 SepInchcape UK forgoes COVID support in 2021 after repaying £7.4m
Inchcape UK has revealed that it claimed no Government COVID-19 support in 2021 after taking the decision to repay £7.4 million in Government furlough and rates relief support for H2 2020.
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Car Dealer News 6 AugSwansway Group begins work on new £9m Oldham VW dealership
Swansway Group has broke ground in its development of a new £9 million Volkswagen car and commercial vehicle dealership in Oldham.
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Car Dealer News 29 Jul
Inchcape reports near 15-fold year-on-year profit increase in H1 2021
Inchcape PLC has reported a 30% rise in turnover and a near 15-fold increase in its pre-tax profits as showed strong signs of recovery from the COVID-19 pandemic in the first half of 2021.
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Dealer profiles 6 JulInchcape CEO James Brearley: 'We're in good shape' after car retail restructure
Inchcape UK will reassert its commitment to growth with the creation of an all-new standalone used car sales division and a series of large-scale dealership development projects.
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Supplier News 18 JunUsed car market trends, Inchcape interview and more: New AM magazine
The July Issue of AM magazine is here, with insights into Inchcape UK's downsizing, the "unprecedented" used car market, the impact of FCA revisions on dealers' point of sale finance, and more.
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Car Dealer News 18 Jun
Inchcape performance and profitability continues to ‘exceed expectations’
Inchcape has revealed that its year-to-date financial performance has “exceeded expectations” in a brief trading update issued today (June 18).
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Acquisitions and deals 2 JunLloyd Motor Group expands into York
Lloyd Motor Group has bought Inchcape's Jaguar Land Rover business in York, expanding its geographic footprint further into Yorkshire.
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People News 11 MayLEVC appoints Inchcape’s Richard Hudson as commercial director
Geely’s London Electric Vehicle Company (LEVC) has appointed former Inchcape BMW/Mini division director and BMW Group sales and marketing director Richard Hudson as its new commercial director.
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Car Dealer News 6 MayInchcape to establish 20-site used car retail and fast-fit aftersales network
Inchcape UK chief executive James Brearley has revealed the AM100 PLC’s plan to open up to 20 used car retail locations, each with an adjoining fast-fit aftersales offering, by the end of next year.
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Car Dealer News 29 Apr
UK car retail shows ‘relative resilience’ as distribution drives growth for Inchcape
Inchcape’s UK car dealership operation showed “relative resilience” in a COVID-impacted ‘Lockdown 3’ as the PLC’s distribution business offset revenue losses from retail, the PLC has reported.
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Car Dealer News 21 AprInchcape’s Lexus Derby dealership receives brand’s European Kiwami award
Inchcape’s Lexus Derby dealership has been recognised among 10 of the Japanese premium car brand’s European franchisees to receive a prestigious Kiwami award for “retailer excellence”.
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Car Dealer News 5 MarInchcape to create ‘substantial’ Destination Porsche Centre in Bournemouth
Inchcape has revealed its plan to create a new Destination Porsche Centre premium car dealership in Bournemouth - substantially expanding the brand's presence in the coastal town.
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Car Dealer News 25 Feb
London Stock Exchange changes Inchcape PLC's listing amid shift away from retail
Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020.
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Car Dealer News 13 JanInchcape UK recognises 'phenomenal' Ben support with £10,000 donation
Inchcape UK chief executive James Brearley described the support delivered by automotive sector charity Ben as “phenomenal” as the AM100 car retail group made a £10,000 donation to the cause.
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Car Dealer News 10 Dec
Inchcape reports ‘better than expected’ November lockdown sales
Inchcape has reported that its performance during November’s ‘Lockdown 2’ COVID-19 restrictions was “better than expected” – leading to an upgraded pre-tax profit forecast.
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Acquisitions and deals 7 DecVertu Motors completes Inchcape BMW and Mini dealership acquisitions
Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
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Acquisitions and deals 30 NovInchcape agrees £29.7m sale of JLR Southampton dealership to Hendy Group
Inchcape UK has agreed the £29.7m sale of its Jaguar Land Rover (JLR) Arch Concept premium car dealership in Southampton to Hendy Group.
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Acquisitions and deals 16 Nov
Inchcape in ‘latter stages’ of Cooper BMW and Mini dealership disposals
Inchcape UK CEO James Brealey has asserted that his retail group remains “committed” to its BMW and Mini franchises after confirming it is in the latter stages of disposing of sites in the North East and Croydon.
