Top 10 AM100 dealer group Lookers is predicting that the new car market may nudge the three-million mark around the end of the decade.
Vertu Motors has raised £35 million through a share placing to fund future acquisitions.
Lookers’ car dealerships sold more than 160,000 new and used cars in 2015 and increased the group’s revenues by £593 million.
BMW Group has marked its 100th birthday and announced a world tour which will bring its vision of the next 100 years of mobility to London.
Vertu Motors is considering its options to raise capital ahead of further likely acquisitions of dealerships in the premium and mainstream market segments.
Vertu Motors says its March order take is up 11.6% year-on-year as the car dealer prepares to state record revenues and profit from its last financial year.
The average UK car dealer made a profit of £182 for January, a marginal improvement over January 2015 when they had an average loss of £59, says ASE.
Eaglesham Garage of Glasgow has been named the Isuzu Dealer of the Year for 2015.
Gross profit per unit has continued to improve year on year at Cambria Automobiles, the AM100 car dealer group reports in a trading update to the stock market.
February’s new car market was the highest for the month in 12 years, as registrations reached 83,395 units.
DS Automobiles is taking over the central atrium at Westfield London this weekend to showcase the new DS3 hatchback, DS3 Cabrio and DS3 Performance.
Staff at JCT600 are being tasked with making 2016 the AM100 dealer group’s best year yet, as it celebrates its 70th birthday.
Ryan Bellinger has been promoted to the sales manager role at Close Brothers Motor Finance’s York branch.
All 250 staff of Mercedes-Benz dealer group Greenoaks, which has been acquired by Vertu Motors, are due to meet their new directors this evening.
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