Inchcape has generated £76m with the disposal of six Volkswagen, BMW, Mini and Jaguar Land Rover (JLR) retail sites in Australia.
Pendragon could be poised to make 1,300 redendancies as part of a business restructure designed to stem its faltering financial performance.
Hendy Group is preparing to embark on a rebrand of the Westover Group dealerships it acquired at the start of 2019.
Marshall Motor Group has opened the doors to an all-new Nissan dealership in Lincoln with a special sales event celebrating the opening until September 15.
Arnold Clark chief executive and managing director Eddie Hawthorne has hailed the AM100 car retail group’s 835 apprentices as “the lifeblood” of the business.
Pendragon Vehicle Management (PVM) has welcomed former Honda UK fleet sales operations manager Marc Samuel as its new director of B2B.
Inchcape has appointed former LeasePlan chief financial officer Gijsbert de Zoeten as its own CFO following Richard Howes’ decision to leave the AM100 car retail group.
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
Lookers is investing £10 million over the next two years in a bid to deliver a “gold-plated” sales process ahead of the launch of an official investigation of the business by the Financial Conduct Authority (FCA).
Brayleys Group has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum.
Snows Motor Group has become the UK’s largest franchised partner of Seat with the opening of a seventh dealership with the Spanish car brand in Basingstoke.
JCB Group has been revealed as Suzuki GB's latest new franchisee with the opening its first showroom with the brand in Ebbsfleet, North Kent.
Vertu chairman Peter Jones will tell this morning’s car retail group AGM that the group experienced profit declines of £2.3 million from new car sales and £1.1 million from use in the four month period to June 30.
Motorline has trebled its Audi representation in Kent with the acquisition of a further two dealerships sites from Inchcape Retail.
Sinclair Group has added its first Jaguar franchise and a second Land Rover dealership to its growing portfolio with the acquisition of Pendragon’s Stratstone Jaguar Land Rover Swansea businesses.
Vertu Motors has inducted 27 new members into its Masters Club, which recognises colleagues from the group’s 125 dealerships who have excelled in their role and delivered outstanding levels of performance.
Richmond Motor Group has completed the acquisition of Sparshatts Group less than a fortnight after being named as the highest-placed newcomer to the AM100 ranking of the UK largest franchised car retailers.
Pendragon’s recently-appointed chief executive, Mark Herbert, will leave the business at the end of this month according to a statement issued via the London Stock Exchange.
Lookers has said that it is “cooperating fully” with the Financial Conduct Authority (FCA) as the regulator announced that it was commencing an investigation into the car retail group’s sales process.
Last night's 2019 AM100 Dinner highlighted how franchised dealers groups are battling a decline in new car profits with growth strategies for the other departments in their businesses.
