retailing
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Market Insight 25 MarCar dealers cut debt by 22% to guard against ‘post-Brexit storm’
The UK's top 100 car retailers have cut 22% of debt from their business in order to avoid a “post-Brexit storm”, according to the findings of research carried out by UHY Hacker Young.
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Car Dealer News 25 MarEndeavour takes over Hyundai Westfield Stratford City store from Motorline
Endeavour Automotive has taken over the operation of Hyundai’s Stratford retail store just 13 months after Motorline took control of the operation from Rockar and Hyundai Motor UK.
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Car Dealer News 22 MarLookers Nissan launches camper van conversion service
Lookers Nissan has introduced a new campervan conversion service, helping holiday makers get the most out of the British spring and summer “staycation boom”.
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Car Dealer News 21 MarMcLaren Glasgow named supercar brand’s European Retailer of the Year 2018
Park’s Motor Group’s McLaren Glasgow dealership has been named as the British supercar brand’s European Retailer of the Year for the third time in four years.
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Opinion 15 MarTesla reverses stores closure decision for ‘better friction’, a guest opinion
Faster than a journalist can write “the death of”, Tesla has reversed its decision to take all its car sales online.
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Car Dealer News 14 MarVertu Honda partners with Forces Cars Direct
Vertu Honda, part of Vertu Motors, has partnered with Forces Cars Direct to offer preferential offers on cars for members of the armed forces and emergency services.
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Car Dealer News 13 MarLookers reports 9% pre-tax profit decline in 2018 financial results
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
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Manufacturer 12 MarInfiniti to withdraw from UK in 2020
Infiniti will withdraw its manufacturing and sales operations from the UK in 2020 as it targets electrification and growth in Western Europe, China and the US.
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Car Dealer News 12 MarPendragon reports £44.4m pre-tax loss in 2018 financial results
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.
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Car Model News 11 MarMore than 20,000 deposits placed for Porsche Taycan EV
Porsche’s first electric car, the Taycan, has already amassed more than 20,000 prospective buyers since it was announced last year.
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Manufacturer 11 MarModel S and Model X price rises to temper Tesla store closure plans
Tesla has halved the number of stores it plans to close as part of a cost-cutting drive which would help it fulfil a $35,000 (£26,975) price promise for its Model 3 EV saloon car.
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People News 11 MarAston Martin Lagonda appoints Thomas Kiesele as Aston Martin Europe president
Aston Martin Lagonda appointed Thomas Kiesele as president of Aston Martin Europe at "probably the most exciting time in the company’s 106-year history".
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Car Dealer News 8 MarLSH Auto UK to open Europe’s ‘largest’ Mercedes-Benz showrooms
LSH Auto UK has said that Greater Manchester and Birmingham will “reap the economic benefits” of its recent investments as it prepares to open two new Mercedes-Benz dealerships.
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Digital Marketing 8 MarRockar defends omni-channel car retail after Tesla announces store closures
Rockar has defended the omni-channel approach to car retail following an announcement by Tesla’s Elon Musk that the brand intends to move its sales entirely online.
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Manufacturer 8 MarSsangYong UK to issue first-ever volume targets to retail network
SsangYong UK has issued its first-ever volume targets to franchisees as it targets a more “transparent and professional” relationship with its retail partners, managing director Nick Laird has told AM.
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Car Dealer News 7 MarMotorline Nissan builds presence in Reading with new flagship dealership
Motorline Nissan has announced that it will grow its presence in Reading and throughout Berkshire and Oxfordshire with the build of a new, purpose-built showroom in the town.
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Car Dealer News 7 MarSwansway invests £3.25m in Motor Match used car expansion
Swansway Motor Group is set to invest £3.25 million to expand its Motor Match used car operations into Bolton and Stockport.
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Manufacturer 7 MarTesla rival Polestar will not ‘pass judgement’ on EV rival’s retail strategy
Polestar refused to ‘pass judgement’ on the retail strategy of electric vehicle (EV) rival Tesla as it reiterated its plans to partner with traditional franchised car retailers to establish its UK sales offering.
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Car Dealer News 7 MarTrustFord opens new £2.2m Cribbs Causeway FordStore
TrustFord has celebrated the opening of its new £2.2m FordStore in Cribbs Causeway, Bristol, following a £2.2 million investment in new facilities and interactive technology for its customers.
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Manufacturer 4 MarHyundai officially opens ‘largest UK dealership’ in Croydon
Hyundai Motor UK has opened its largest UK dealership in Croydon as part of the retailers’ rapid expansion.
