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.
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.
Volkswagen Group retailers have a new DMS option with the news that Pinewood has entered a strategic partnership with the group for its Pinnacle system.
Pinewood Technologies’ dealer management software Pinnacle is becoming established across the EU and shortly in Finland.
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 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues