Marshall Motor Holdings announced the appointment of Richard Blumberger as chief financial officer - replacing Mark Raban in 2019.
Vantage Motor Group has reported a return to profitability in its annual financial results following the sale of ‘unprofitable businesses’.
Pendragon share prices fell by over 21% as markets opened this morning as the AM100 franchise car retailer issued a fresh profit warning.
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
Stoneacre Motor Group is set to achieve its ambition of becoming a £1 billion turnover car retail group a year early following the acquisition of four Mill Garages Northeast Ltd Volvo dealerships.
Snows Motor Group has acquired Perrys Group’s single-site multi-brand dealership selling Fiat, Mazda and Peugeot in Portsmouth.
John Clark Motor Group has reported a 5.5% increase in turnover during its financial year to December 31, 2017, ahead of the publication of its full financial results.
Arnold Clark grew its used car sales volumes by 10.3% to contribute towards a 7.3% rise in turnover but suffered a 15% decline in profit before tax during its financial year to December 31, 2017.
Lookers has said that it will continue to be “a major consolidator” after confirming that it is set to complete the acquisition of Jennings Motor Group for an undisclosed sum.
Perrys Group has blamed cost pressures including the apprenticeship levy, pension costs and a higher minimum wage for a set of 2017 annual financial results which showed a 65.7% decline in profit before tax.
Arnold Clark has promised to deliver “market-leading car leasing deals” to businesses as part of its newly-launched free employee car plan solution Affinity Cars.
Lookers is days away from formally completing the acquisition of £216.6m turnover Jennings Group, AM understands.
Stoneacre Motor Group has boosted its Stoneacre Academy offering for apprentices and staff development with the creation of a new Technical Training Facility at its Goole FordStore.
Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
JCT600 is in discussion with potential additions to a premium-leaning car dealership portfolio to “fill in the gaps” after losing its retail franchise with BMW in Bradford.
Inchcape’s UK trading profits were down “significantly” over the first half of this year as pre-registration activity put pressure on new and used car margins.
Vertu Motors’ chief executive Robert Forrester has commemorated the group’s longest serving colleagues with a special lunch was held at Newcastle's Jesmond Dene House Hotel.
Sytner Group has donated £28,145 to the Ben chairty via an annual donation based on the number of cars sold through Sytner’s online trade-sales web site Sytner Electronic Auction.
Lookers has expanded its representation of the Ford brand with the acquisition of Essex-based franchised car retailer Pollendine Motors.
