Vertu Motors has highlighted further growth potential through an “increasingly visible acquisition pipeline” after delivering a record £51.8 million adjusted pre-tax profit in H1 2021.
Cambria Automobiles return into private ownership has been officially approved at the car retail group’s annual general meeting.
Harwoods Group has reported a £2.57m pre-tax profit for 2020 despite suffering a 41% decline due to the impact of the COVID-19 pandemic on the car retail sector.
Following decisive decisions which benefitted workforce welfare and the sector’s reputation during its most challenging period outside war-time, Marshall Motor Group chief executive Daksh Gupta is AM’s Business Leader of the Year.
Pendragon has followed fellow car retail PLCs Marshall and Lookers into issuing an upgrade to its 2021 profit expectations after a “strong” Q3 performance.
Lookers has raised its 2021 profit expectations after it weathered Q3’s vehicle supply shortages to deliver “excellent new and used vehicle margins”.
Marshall Motor Group has increased its 2021 profit expectations by a further 25% after outperforming the wider car retail sector in Q3.
A car retail group that demonstrates a conscientious approach to employee well-being and expanding its scale in the sector, Marshall Motor Group is the AM Awards 2021’s Dealer Group of the Year.
Marshall Motor Group secured the AM Awards 2021's Best Dealer Group (More Than 10 Sites) award after staying true to a strong code of ethics without sacrificing commercial success.
Peter Vardy Group delivered a 47.8% increase in profit before tax in a COVID-19 impacted 2020, despite a group-wide focus on “giving back” during the financial period.
Sytner Group has revealed a 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.
Cambria Automobiles will officially relinquish its PLC status as of October 13 after chief executive Mark Lavery successfully completed his takeover bid this week.
Arnold Clark chief executive Eddie Hawthorne has praised the “passion and grit” of employees at Scottish car retail group after its 2020 annual financial results showed a pre-tax profit of £156.5 million.
Donnelly Group returned to profit in 2020 after delivering £7.2 million of annualised structural cost savings during the COVID-hit year in car retail.
Peter Vardy Group emerged as the winner from a hotly-contested Comuunity Hero category at the AM Awards 2021 earlier this month.
Snows Motor Group has underlined its status as one of the South Coast's largest family businesses with the promotion of Katie Snow to the role of development director.
Motorline has revealed that Government furlough support and the sale of properties contributed to a 118% rise on pre-tax profits during a COVID-impacted 2020.
Inchcape UK has revealed that it claimed no Government COVID-19 support in 2021 after taking the decision to repay £7.4 million in Government furlough and rates relief support for H2 2020.
Cambria Automobiles’ £82.5 million takeover by the car retail group’s chief executive Mark Lavery has now exceeded the required 75% acceptance rate needed to succeed.
Lookers chief executive Mark Raban has said that the AM100 PLC’s ability to repay its furlough support grants to the Government has made him “very happy”.
