Market Insight 21 Feb
Car retail sector PLCs ‘valuations to improve’ in 2023, says Zeus Capital
Car retail sector PLCs Vertu Motors, Pendragon, Lookers and Motorpoint are expected to see “valuations improve” as stability returns to the UK economy.
Market Insight 25 Jan
Lithia Motors’ Jardine takeover talks highlight UK's ‘undervalued’ car retail PLCs
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
Car Dealer News 22 Jun
Vertu Motors focussed on ‘operational excellence’ amid car retail’s H2 headwinds
Vertu Motors has said that it remains focused on the delivery of operational excellence around cost, conversion and customer experience as car retail’s headwinds deliver uncertain H2 outlook.
Retailing 9 Jun
Have 'traditional' car retailers disrupted online operators like Cazoo and Carzam?
Has the online used car retail bubble burst or have the UK’s established car retailers’ disrupted disruptors like Cazoo and Carzam with their ability to evolve and adapt to cater for the digital car buyer?
Car Dealer News 1 Dec
Strong margins and car buyer demand power Pendragon to profit upgrade
Pendragon has increased its profit expectations for 2021 by a further 14.3% after continued car buyer demand powered it to another profit upgrade.
Latest News 24 Oct
Profit squeeze prompts dealers to 'cash-in' on leasing division disposals
Franchised car retail groups are choosing to exit the UK fleet sector as their leasing divisions attract big offers from banks and car manufacturers amid a squeeze on profits from their core retail operations.
Car Dealer News 9 Oct
Vertu maintains ‘discipline’ to deliver turnover and profit growth
Vertu Motors chief executive has said that maintaining the car retail group’s strategic “discipline” to achieve growth in turnover and profits during the six month period to August 31, 2019.
Acquisitions and deals 4 Mar
Marshall buys Skoda dealerships from Progress Group
Marshall Motor Holdings is claiming the title of the UK’s largest Skoda dealer after its takeover of Progress Group.
Car Dealer News 14 Mar
Marshall Motor Holdings reports 19.4% turnover growth and increased profit for 2017
Marshall Motor Holdings has reported a 19.5% increase in turnover and a 14.4% rise in underlying profit before tax in a set of annual financial results hailed as “excellent” by chief executive Daksh Gupta.
Car Dealer News 25 Jan
Vertu Motors highlights 'robust balance sheet' amid downgraded profit forecast
Vertu Motors chief executive Robert Forrester has said that the group will be considering how it can best "deploy capital" to drive growth in 2018 following a trading update which revealed a new car sales decline of 15.7%.
Acquisitions and deals 21 Sep
Marshall sells off leasing division to Bank of Ireland
Marshall Motor Holdings has sold its leasing division, Marshall Leasing, for £42.5m to Bank of Ireland.
Supplier News 8 Jun
Auto Trader reports 19% increase in profits as earns more from dealers
Auto Trader made an average 10% more from each of its dealer customers’ forecourts in the last financial year.
Car Dealer News 11 May
Lookers reports 'bouyant' Q1 in interim results
Lookers has reported 30% growth in used car turnover during a “buoyant” Q1 which saw retail volumes and rising profit across the board.
Car Dealer News 15 Mar
Marshalls celebrates 'transformational' results as revenues rise 54.1%
Marshall Motor Holdings has secured its position as the UK’s seventh largest car retail group with annual accounts which show a 54.1% rise in revenues and a 60.4% rise in profit before tax.
Opinion 17 Feb
Guest opinion: Brexit’s impact will remain unclear during 2017
It’s no secret that the car industry has been thriving in recent years, with the Society of Motor Manufacturers and Traders’ (SMMT) latest statistics showing a 2.3 per cent rise of new car registrations in 2016 – the fifth consecutive year of growth.
Car Dealer News 12 Jan
Marshalls says it will 'comfortably' achieve financial goals, but Brexit vote will spell decline in new car market
Marshall Motor Holdings says its latest financial performance will “comfortably” be in-line with its expectations.
Car Dealer News 18 Oct
Marshall issues positive trading statement after 'unexpected' share price fall
Marshall Motor Holdings has issued a positive trading statement after an unexpected – and unexplained – share price fall.
Supplier News 17 May
BCA shares 'underperforming' as prepares for full year results announcement
Stockbroker Zeus Capital Research has reiterated its stance on BCA Marketplace and says the market dynamics remain positive for the remarketing and automotive services group.
Market Insight 17 Feb
Auto Trader's growth 'exceeding expectations'
Auto Trader is projecting 11.5% annual growth as its efforts to drive average revenue per retailer and generate revenue from consumer services both exceed expectations.
Car Dealer News 9 Feb
Pendragon to record 7.9% revenue growth in 2015, analysts predict
Market analyst Zeus Capital has predicted a strong set of financial results amid deteriorating share prices for Pendragon – a week before the group issues its official 2015 accounts.