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Latest News 17 NovUpdated: Join AM and BDO for the AM100 2021 webinar
Automotive Management (AM) and BDO will reveal the official countdown of the 2021 AM100 car dealer rankings and deliver in-depth insight in a free-to-view webinar.
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Car Dealer News 6 OctShelbourne Motors celebrates 20.5% increase in 2019 pre-tax profits
Shelbourne Motors has marked the first anniversary of the opening of its £5 million multi-brand car dealership in Newry with a 20.5% increase in pre-tax profits in its 2019 annual financial results.
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Car Dealer News 30 SepArbury Motors Group celebrates Sunday Times PwC Top Track 250 debut
Arbury Motor Group, Car Giant, Riverside Motor Group and Tom Hartley Jnr have all been included among the Sunday Times PwC Top Track 250 rankings of Britain’s leading mid-market private companies.
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Car Dealer News 15 SepSwansway's annual pre-tax profits declined 42% amid 2019 ‘restructure’
Swansway Motor Group has reported a 42% decline in pre-tax profits in its 2019 annual financial results after completing a restructure in which it “eradicated” its loss-making car dealerships.
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Car Dealer News 30 JulInchcape continues restructure plan after £188m H1 2020 loss
Inchcape is driving forward plans for a restructure to be completed by Q1 next year after reporting a 36% decline in overall revenues and pre-tax losses of £188 million in the first half of 2020.
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Aftersales 11 MayAftersales departments have lost almost 6% of 2020 turnover in lockdown
Automotive aftersales operations have suffered a loss equivalent to 5.8% of their expected annual turnover in the COVID-19 coronavirus lockdown period to May 3, GiPA UK research has revealed.
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Car Dealer News 24 JanVantage reveals declining 2018 profits following MBO
Vantage Motor Group has published details of a 14.3% decline in profit before tax in a set of 2018 financial results published a month after its acquisition in a management buy-out (MBO).
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Car Dealer News 22 OctHendy Group claims Solent Business Awards’ Company of the Year title
Hendy Group has claimed the Solent Business Awards’ Company of the Year accolade after judges recognised its profitability, innovation, employment growth and a “near-doubling” of its turnover in 2019.
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Car Dealer News 17 JunHR Owen delivers four-fold pre-tax profit growth in three years
HR Owen’s annual financial results for 2018/19 have revealed that the London-based supercar and luxury car retailer has delivered a four-fold increase in pre-tax profits in the three years since its acquisition by the Malaysian Berjaya Group.
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Latest News 11 JunCartime targets £100m sales after 28.7% turnover growth in 2018
Cartime is targeting a £100 million turnover by 2021 after celebrating a set of annual financial results which revealed a 28.7% rise in revenues and 27% increase in pre-tax profits in 2018.
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Latest News 4 JunFast-expanding Motordepot records 25% turnover growth
Fast-expanding Motordepot has revealed a 35% increase in turnover and 16% growth in pre-tax profits in a financial period which saw the independent retailer open three used car supermarkets.
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Car Dealer News 2 MaySwansway Motor Group reports 35% profit rise in 2018
Swansway Motor Group has reported a 35% increase in its profit before tax in its annual financial results for 2018 – despite a decline in turnover.
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Car Dealer News 17 AprPendragon begins review of operational and financial prospects
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
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Car Dealer News 11 FebStoneacre Motor Group achieved 34% profit growth amid 2018 acquisitions
Stoneacre Motor Group has reported turnover growth of 9% and profit before tax up 34% in its financial results for 2018.
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Car Dealer News 8 NovLookers highlights used car and aftersales growth in trading update
Lookers has reported growth in its used car and aftersales operations as new car volumes and turnover declined in-line with the market during the period to September 30.
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Car Dealer News 15 OctPeoples' chairman Brian Gilda warns of Brexit ‘Armageddon’ in automotive
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
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Car Dealer News 10 OctVertu Motors 'ultra conservative' approach underpins acquisitive outlook
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
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Car Dealer News 9 Oct
Franchised car dealers miss out on Times Top Track 250 2018
Franchised car dealerships failed to make the grade in The Sunday Times Grant Thornton Top Track 250 league table as it ranked Britain’s private mid-market growth firms by latest sales.
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Car Dealer News 8 OctStoneacre Motor Group completes Mill Garages Northeast Ltd acquisition
Stoneacre Motor Group is set to achieve its ambition of becoming a £1 billion turnover car retail group a year early following the acquisition of four Mill Garages Northeast Ltd Volvo dealerships.
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Car Dealer News 30 AugArbury Group delivers 8% turnover growth despite declining new car sales
Arbury Group has reported 8% growth in its annual turnover and a 5% increase in pre-tax profits in its financial results to December 31, 2017.
