Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
The French finance minister has described a potential merger between FCA Group and Renault as a “good opportunity” as signs began to emerge that politicians could attempt to reignite merger talks.
What Car? magazine has uncovered evidence that car dealers and manufacturers are offering car buyers cash discounts of £16.8 million to attract them into showrooms.
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.
Motorpoint delivered 6.8% turnover growth and 10% growth in profit before taxation and exceptional items in its 2018 annual financial results.
JCT600 has joined the Mitsubishi Motors in the UK franchised retail network with the opening of a new dealership in Bradford.
Car dealers pushed hard to realise the benefits of car buyers’ increased interest in used cars during May – with the number of prospecting calls up by 21% during the month.
Caffyns has appointed Stephen Bellamy as a new independent non-executive director and chairman of the board's Remuneration Committee.
Volkswagen has launched 48-hour test drives for prospective e-Golf buyers alongside a television advertising campaign to promote the adoption of its electric vehicles (EVs).
Invicta Motors has opened the doors at a new Suzuki dealership in Maidstone, having become the latest recruit to the UK franchised retail network.
Lexus claims that it has unlocked the doors to motorists’ dream garage with the launch of a new vehicle subscription mobility service delivering access to a CT200 hybrid hatchback from £619 per month.
The Finance and Leasing Association (FLA) has revealed that new business in the point of sale (POS) consumer new car finance market fell 2% by value and 7% by volume in April.
Auto Trader’s annual turnover rose 8% to £355.1 million in 2018 as its grew its average profit per retailer forecourt by 9% to £1,844.
Ford’s Bridgend car manufacturing plant will close in 2020 with the loss of 1,700 jobs, according to union officials.
FCA Group has withdrawn its proposal of a “transformational” merger with Renault after representatives from the French government stalled a potential deal.
