Aston Barclay’s newly-appointed chief executive Tom Marley has said he wants to “catapult the group to higher growth” after negotiating the challenges of COVID-19 and vehicle supply shortages.
Agency model car retail is sure to become more widely adopted but agreements must be “balanced, collaborative and win-win”, according to Lotus Cars executive director of sales and aftersales, Geoff Dowding.
Vertu Motors has revealed that its 2022 pre-tax profits will have risen by more than 200% in 2022 as it forecast a year-end total of “not less than £75 million” in a trading update issued this morning.
Car dealers have told AM that a new-look plate-change period which goes without the traditional March car sales mayhem and eases the year’s trading peaks and troughs is “good news” for the sector.
MG Motor UK has told its franchised car retailers to stop taking orders for new petrol vehicles after “unprecedented demand” saw it fill its 2022 sales quota by the end of February.
The newly-appointed manager of Paul Rigby Group’s Polestar Space Birmingham store has said he is excited by the challenge of exploring a “new form of retail”.
BMW Group UK has appointed its first general manager for future retail as part of a reshuffle of its senior leadership team.
Peter Vardy Group has committed to donating 10% of its March profits to humanitarian projects in Ukraine as the Russian assault continues to impact civilian lives.
Steven Eagell Group chief executive Steven Eagell has spoken of his “enormous pride” after the car retailer won nine categories in the annual Toyota and Lexus dealer of the year awards.
Johnsons Cars’ Solihull Volkswagen showroom site has been sold for £15 million after being identified as a “none-core asset” by its new owner.
Cazoo has completed a Spanish football sponsorship double after following an agreement with Real Sociedad with a follow-up deal for Valencia.
‘Crude’ top-line analysis of the UK’s electric vehicle (EV) charging infrastructure is masking the reality of the core issues and pressing priorities, according to Cox Automotive.
Inchcape PLC’s global footprint will mitigate the impact of a £750 million exposure to the Russian automotive sector, analysts have said.
Mini UK and Ireland is set to welcome Federico Izzo as its new brand director, with the former Mazda man looking forward to an electrified future.
Arnold Clark chief executive Eddie Hawthorne has told AM that the Scottish automotive retail giant expects to sever ties with more franchises after its exit from Ford and Toyota this month.
