Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor's takeover of the motor retail part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.
Dealer management system firm Pinewood will be focused on growth in the UK and USA once parent group Pendragon has sold its motor retail business to US-based Lithia and Driveway.
Pendragon is accelerating its plans to conduct a “comprehensive review” of its business in light of Hedin Group’s £411 million bid to take over the PLC.
Pendragon is providing its customers a new payment option with Pinewood DMS and Vyne open banking in-store and online.
Renault has certified Pinewood DMS as an approved international dealer management system provider, in recognition that it supports a range of Renault interfaces to help franchisees operate their businesses effectively.
DMS firm Pinewood has secured its latest integration with Volkswagen Group to support its franchised networks with leads.
Pendragon’s Pinewood Technology has launched a new online payment feature for car retailers’ aftersales departments – enabling customers to pay before collecting their car.
Pendragon’s profit before tax total slipped to a £44.4m loss in 2018 as revenues declined by 2.4% to £4.63bn in its annual results to December 31, 2018.
Vauxhall retailer Thurlow Nunn has re-implemented Pinewood DMS across all 12 of its locations.
Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
DMS provider Pinewood has recruited seven graduate software developers from Vietnam as a result of an increase in competition in recruitment following the Brexit vote.
Neville Briggs, the managing director of Pinewood, explains why the DMS market is moving towards mobile usage and self-service.
Pendragon’s Pinewood car dealer software provider has expanded its reach into the Dutch automotive sector with the roll-out of its DMS offering to Hyundai franchisee Dirk Barten Group.
Pendragon has blamed the performance a faltering UK Motor Division for a 41.4% fall in underlying pre-tax profits in financial results for the first half of 2018.
Pinewood has made it possible for its car dealer clients to sell and manage vehicle their stock directly from their smartphone or tablet with the introduction of its new Stock+ app.
Pendragon’s share price has rallied following the publication of full-year financial results revealed the AM100’s second largest retail group had suffered a 19.9% dip in underlying profit before tax.
Pinewood Technologies has released its latest aftersales feature to all Pinnacle DMS users.
Hyundai retailers will now be able to make use of Pinewood’s Pinnacle DMS system after the platform became an approved product for the Korean manufacturer.
Dealers are expected to save time and boost sales with an enquiryMAX software update.
