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.
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JCT600 has reported a 2% rise in turnover to £1.25 billion in the face of “challenging market conditions”, adding that it expects “fierce competition” to continue in the automotive retail sector.
Caffyns has reported a 16% decline in operating profit despite rising revenues in annual results which detail the “very disappointing” performance of its volume car brands in 2017.
Hendy Group has vowed to support its car dealership managers with “individual coaching, mentoring and support” thanks to the launch of a new dedicated management development programme.
Lookers highlighted the “resilience and diversity” of its business model as it outperformed the market with a 4% downturn in new car revenues but growth from used cars and aftersales.
Stoneacre has opened its newly “transformed” Chesterfield Volvo dealership following a 12-month long, multi-million pound redevelopment of the site.
Vertu Motors chief executive Robert Forrester has insisted that he is not under pressure from shareholders to deliver growth through acquisition after reporting reductions of 0.9% in turnover and 9.2% in profits in the group’s annual results.
Marshall Motor Holdings has reported a 19.5% increase in turnover and a 14.4% rise in underlying profit before tax in a set of annual financial results hailed as “excellent” by chief executive Daksh Gupta.
Lookers called on its workforce to “focus on the details” and strive to be “best in brand” in 2018 as the car retail group hosted 600 staff at its annual General Managers’ Conference.
TrustFord gained two places to be named 20th in this year’s Sunday Times 25 Best Big Companies to Work For list in the UK.
