Pre-tax profits have dropped by 18.3% at the UK’s largest independent car dealer group Motorpoint.
Independent dealer Cartime says sales are off to a fast start at its new Rochdale dealership and it is continuing to recruit new staff members.
The boss of independent dealer Karden (Europe) has been banned from running a company after misappropriating £77,000 of customer’s funds. Andrew John Austin ran the used car dealership in Sevenoaks.
Bumper sales year adds £0.6bn to combined turnover of UK’s 50 biggest independent dealers, as profits, stock holdings and property expansion rise to match demand
Motorpoint will ratchet-up the pressure on potential new recruits when it holds an upcoming assessment day in an Escape Room.
Alvarez & Marsal Europe LLP (A&M) been appointed as administrators to restoration, historic racing and classic car dealer JD Classics Limited.
Motorpoint has posted a short trading update where it said trading in Q1 has delivered “solid sales and profits”.
The Motor Depot used car supermarket group has reported a 32% rise in turnover and a 31.5% increase in pre-tax profit in its annual results to August 31,2017.
JD Classics has appointed former Lotus chief executive Jean-Marc Gales as its new chief executive, stating that he is “excited” to be joining its team of “very talented technicians and craftsmen”.
The eye-catching numbers from this year’s analysis of the UK’s 50 biggest independent car dealers.
Afzal Kahn believes his high-end, coach-built designs offer a lucrative opportunity for the right independent dealer partner
Matt Kay had no experience, no funding and no stock when he sold his first car 18 years ago, but it was the beginning of his current 700-car business
Independent Dealer has mapped the locations of every sales site run by members of the ID50 2018 in the UK.
Despite some high-profile exits from the ID50 over the past 12 months, combined revenues increased by almost £350 million
Independent dealer Big Motoring World has opened its latest used car supermarket, which stocks more than 2,000 cars.
Motordepot, the used car supermarket group, has expanded into Tyneside.
A High Court hearing has found that classic car dealer JD Classics did act as an agent for a collector who claims to have “suffered catastrophic losses” during the trading of 41 vehicles.
Independent car retailer Cartime is already celebrating a bumper 2017/18 ahead of an anticipated end-of-year turnover of £34 million – 20.5% up on its previous reporting period.
Thurlby Motors in Lincolnshire has ditched both its Nissan and Vauxhall franchises after it “suffered heavily” in 2016 and 2017 from demands to pre-register to hit increasing targets.
The European Parliament has approved amendments to vehicle type-approval legislation which includes maintaining access to a vehicles OBD port for aftermarket repairers.
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 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues