Stoneacre Motor Group has reported that there is “ample opportunity for growth” after group turnover rose by 28.5% and pre-tax profits by 29.5% during its 2017 financial year.
UK car dealer groups need to start seeing failure as an opportunity to learn if they are to increase profitability and customer loyalty
Sytner Group has officially opened the UK’s largest BMW/MINI dealership in the form of a 200,000sq-ft facility in Sheffield.
Cambria Automobiles chief executive Mark Lavery has highlighted the group's “cast iron balance sheet” after reporting a 4.9% rise in revenues and underlying profit before tax up 6.6% in its full-year financial results to August 31.
Lookers has reported new car margins and profit per unit for both new retail and fleet cars were higher year-on-year in a trading update on the year to September 30.
Inchcape has revealed that it expects to “continue to benefit from its global diversification and scale” in a trading update which revealed group revenues had risen 14.6% to £2.3 billion in Q3.
Pendragon is set to review and restructure its franchised dealer operations after issuing a profit warning to the London Stock Exchange.
Vertu Motors has reported six-months of growth in operating profit, earnings per share, dividends and return on sales despite revenues remaining flat at £1.45bn.
Marshall Motor Holdings' chief executive Daksh Gupta said that the group was in a “great position to continue outperforming the market” after profit before tax rose 32.9% in a record set of interim results.
Endeavour Automotive has celebrated its fifth year of operation, following a rapid succession of dealership acquisitions.
Pendragon chief executive Trevor Finn has reiterated the group’s intention to double used car revenue by 2021 after its H1 financial results revealed a 5.8% fall in new car sales revenues.
The UK’s biggest dealers have vastly increased their representation of premium manufacturer brands, but the impact on their profitability remains questionable.
Sytner Group has acquired BMW and Mini retailer Trainer (holdings) Limited for an undisclosed sum.
Champagne flowed as the biggest names in the franchised car retail sector celebrated the fruits of a record year of sales at the 2017 AM100 dinner.
The July issue of AM magazine is out, including the results of the latest AM100 survey of the UK's biggest franchised dealer groups.
Franchised dealer groups responsible for almost £25 billion of sales will be heading to the AM100 Dinner in London on June 22.
Vertu Motors Group records ‘record performance’ in annual results.
“We live in the most uncertain times that I have known since I was in Moscow back in 1984.
The British ambassador to the US on 9/11 and the subsequent ‘war on terror’ is the guest speaker at the 2017 AM100 Dinner in June.
JCB Group has achieved a 16th place listing in a business league table which ranks the 50 fastest-growing, privately-owned businesses in Kent by growth in turnover and staff numbers.
