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.
Sytner Group’s Car People used car supermarket network has been rebranded and brought under the CarShop banner.
Sytner Group will further expand its used car supermarket division with the opening of a new CarShop location in Nottingham if plans for the new site gain the approval of city officials.
The Sytner Group's Car Supermarket Division has extended its remarketing partnership with Manheim for a further two years, including the launch of a new sales programme in Leeds.
Motordepot has announced its plan to make Sheffield the site of its ninth used car supermarket as part of its recent expansion drive which has added three new locations within the past 12 months.
The Advertising Standards Authority has banned The Car People from using an advert which claims its cars are “quality checked by eight specialists”.
Sytner’s US owner Penske Automotive Group has completed the acquisition of The Car People following an announcement of the move last month.
Sytner has acquired The Car People, its second used car supermarket group takeover within 12 months.
The Car People has officially opened its new £13 million car supermarket site in Warrington, targeting 4,000 sales in its first year of trading.
Work is underway to develop a fourth site for car supermarket The Car People, with recruitment set to start later this month.
The Car People has streamlined and is entering an ‘aggressive period of growth’, say managing director Martyn Carnell and director of sales Jonathan Allbones.
The Car People are preparing to complete the tendering process for a new car supermarket in Warrington – its largest facility to date.
Dealers would like fleets to better plan ahead their remarketing model mix when purchasing their vehicles, according to The Car People.
Dealers would like fleets to better plan ahead their remarketing model mix when purchasing their vehicles.
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