The UK’s large car retail groups and PLCs will be joined by international investors and disruptors such as Cazoo and Constellation Automotive in what is likely be a record year for mergers and acquisitions.
Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.
Automotive 30% Club founder Julia Muir has been won the IMI’s Sue Brownson Award in recognition of her efforts to “move the dial on female leadership representation” in the automotive sector.
A used car retailer estimates that he has been left with a bill of around £50,000 after a crashed car overturned onto his dealership forecourt – damaging a number of vehicles.
Pendragon is set to become the UK’s first Jaguar Land Rover (JLR) franchisee to showcase a new 'Modern Luxury' dealership design philosophy for the OEM’s premium brands.
Affordable, easy access electric vehicle charging is required on “virtually every residential street”, according to research conducted for a new whitepaper on the growth of zero-emissions transport.
Car retailers driving towards an omnichannel sales journey could be subject to a double-whammy of “complex” new taxation, it has been suggested.
Auto Trader is set to take control of the Vanarama leasing business after agreeing a deal to acquire its parent business Autorama.
The AM Awards 2022 is set to welcome ITV News anchor Nina Hossain as host and comedian Milton Jones when car retail's showcase event takes place in London this May.
Newly-appointed Close Brothers Motor Finance sales director Lisa Watson has said she is excited to make a start after seeing the speed of “rapid transformational changes” at the business.
Northern Ireland used car retailer Bob Mullen Motors is set to close six months after the death of its founder from COVID-19.
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.
The Institute of the Motor Industry (IMI) has called on automotive retail employers to engage with the task of creating a more diverse workforce after publishing the findings of its Diversity Task Force report.
The Bank of England’s decision to raise interest rates to 0.75% have been criticised for placing “more pressure on household finances” - and will hit the car retail sector's overhaeds too.
Volvo Car UK chief executive Kristian Elvefors recognised Ray Chapman Motors’ ability to “consistently deliver impressive performance” after the Malton car retailer retained the brand’s Retailer of the Year title.
