Penske
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Car Dealer News 27 SepUSA's Auto Nation joins Lithia, Penske and Hedin in Pendragon takeover battle
American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.
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Acquisitions and deals 21 Sep
Pendragon rejects new £391m bid by Sytner parent and Sweden’s Hedin
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
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Car Dealer News 9 FebSytner owner Penske Automotive reports record 2022 performance
Sytner Group and CarShop owner Penske Automotive has reported a record set of annual financial results in which revenues rose 9% and pre-tax profits swelled by 16%.
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Car Dealer News 29 JulInchcape opens 12th bravoauto used car supermarket in former CarShop Express site
Inchcape has grown its bravoauto used car supermarket division with the opening of a new store in Sytner’s former Volkswagen and CarShop Express dealership in Halifax.
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Car Dealer News 28 JulSytner owner reports £412m pre-tax profit in record Q2 trading update
Sytner and CarShop owner Penske Automotive has reported a record quarter performance after delivering and 8% increase in pre-tax profits to $500 million (£412m).
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Car Dealer News 29 Apr
Sytner Group owner Penske Automotive reports ‘all-time record’ Q1 performance
Sytner Group and Car Shop owner Penske Automotive has revealed “all-time record quarterly results” in Q1 2022 in a trading update from the car retail giant.
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Car Dealer News 10 FebSytner and CarShop owner Penske accelerated turnover and profit in 2021
Sytner Group and CarShop owner Penske Automotive has reported a 25% rise in revenues and 127% increase in pre-tax profits in its annual financial results for 2021.
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Car Dealer News 19 JanCarShop celebrates ‘astounding’ success of Leicester Express Store
Sytner Group’s CarShop used car division is celebrating the “astounding success” of its first Express Store concept retail site in Leicester.
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Car Dealer News 30 SepSytner Group 2020 financial results reveal 39.8% rise in pre-tax profit
Sytner Group has revealed a 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.
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Car Dealer News 19 JulSytner Group rewards 39 top technicians at Goodwood Festival of Speed
Sytner Group rewarded 39 top technicians from its 2020 Elite Technicians Programme with a trip to the Goodwood Festival of Speed and lunch with business owner and racing driver Roger Penske.
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Car Dealer News 5 JulCarShop to redevelop Autoworld dealership to create 14th used car supermarket
CarShop has revealed its plans to create its 14 used car supermarket site with the redevelopment of a Autoworld dealership in Willenhall, near Wolverhampton.
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Car Dealer News 8 Jun
Sytner Group announces Goodwood Festival of Speed partnership
Sytner Group will be the only automotive retail partner of the 2021 Goodwood Festival of Speed, showcasing models from the Alpina brand.
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Market Insight 2 MarCarShop CEO says COVID-19 lockdowns 'forced stagnant market players into action'
Car retail's switch to omnichannel retailing during successive COVID-19 lockdowns have ensured that used cars buyers have “never had it so good”, according to CarShop CEO, Nigel Hurley.
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Car Dealer News 12 FebCarShop brand goes global as Penske takes 'next step' in online car sales
The CarShop brand is set to go global as Penske Automotive looks to rebrand its US CarSense operation and expand its used car supermarket footprint from 17 to 40 locations by 2023.
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Car Dealer News 7 OctSytner Group remains on the rise with record 2018 revenues and profit
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.
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Car Dealer News 19 JunSytner’s Car People car supermarkets rebranded as CarShop
Sytner Group’s Car People used car supermarket network has been rebranded and brought under the CarShop banner.
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Car Dealer News 1 NovSytner grows sales and earnings despite industry's WLTP issues
Sytner Group has reported a rise in sales revenue and pre-tax profit from its trading to October 1.
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Car Dealer News 11 Oct
Sytner Group profits dip 9.3% despite record turnover in 2017
Sytner Group recorded a 9.3% decline in profit before tax as it generated a record turnover during 2017, annual financial results have revealed.
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Latest News 3 AprCarshop eyes growth in England and Northern Ireland under Sytner
UK is a priority for growth for car supermarket under Sytner ownership, says US parent Penske.
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Acquisitions and deals 24 Mar
Roger Penske: ‘Road-test’ acquisitions, at home or abroad
Penske Automotive chairman Roger Penske told NADA delegates retaining local expertise is vital
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