Pendragon has reported an underlying profit before tax of £8.2 million in 2020 annual financial results which painted a picture of a COVID-19 impacted year of two halves for the car retail sector.
When Arnold Clark chief executive Eddie Hawthorne openly conceded that he had initially felt the COVID-19 crisis would be “over by Easter”, it was clear that nobody in the sector could have imagined being in lockdown 12 months on.
Fire broke out at Dick Lovett’s Jaguar Land Rover (JLR) dealership at Melksham after staff spotted smoke coming from a brand new Defender 4x4 shortly after plugging it in to charge its battery.
Seat has revealed plans for a new affordable urban electric vehicle (EV) priced from £17,300 to £21,600 and given the green light to the Tavascan EV previously showcased by its Cupra performance sister brand.
The phased easing of COVID-19 ‘Lockdown 3’ could deliver a staggered recovery for car retail or a double whammy of opportunity for dealerships across the UK, it has been suggested.
Lookers PLC has announced the completion of a recent series of senior leadership changes with the appointment of Chris Walker as its new chief people officer.
Dicksons of Inverness boss Fraser Bryce has said that he was ‘delighted’ with assistance offered by the NHS as the car retail group worked to tackle clusters of COVID-19 coronavirus at two of its dealerships.
HR Owen has revealed artist’s impression images of its planned 5.4-acre Bentley, Lamborghini and Maserati supercar dealership megacentre at Hatfield, Hetfordshire.
Car manufacturers have responded to Government’s decision to cut its plug-in car grant with a mixture of frustration and tweaked finance offers to maintain their March sales.
Cambria Automobiles chief executive Mark Lavery, finance director James Mullins and managing director Tim Duckers are exploring the possibility of a management buy-out of the AM100 PLC.
Honda UK has said that it has “no specific plans” to introduce an agency model to its franchised car retail network.
Four cars were torched and racist graffiti was daubed over property as a “lovely, genuine” Scottish car dealer became the victim of a racist attack on his retail site.
Macklin Motors has completed the £1.5 million development of a new Motornation used car and van showroom in Lookers’ former Glasgow Volkswagen Van Centre.
Growth in the value of used cars is beginning to stabilise despite signs of an acceleration in demand from consumers as the easing of COVID-19 ‘Lockdown 3’ draws nearer, according to Auto Trader.
Strike action proposed by COVID-19 hit employees at the DVLA’s Swansea headquarters could be set to impact the car retail sector’s own recovery period, Cox Automotive has warned.
