Cambria Automobiles chairman and chief executive Mark Lavery has said his business is ready to enter “chapter two” of its development after the appointment McLaren finance director Paul Buddin as CFO.
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.
Stellantis has ditched the Robins & Day brand for its UK car dealerships in the AM100 retail group’s 110th year of trading.
Hendy Group is poised to expand its retail partnership with Nissan through the opening of a new dealership in Crawley.
Marshall Motor Group has taken its Jaguar Land Rover (JLR) representation t 10 dealerships with the acquisition of the premium carmaker’s Leicester franchise from Sturgess Motor Group.
Lookers will grant its top leadership trio £1.5 million in share options for the car retail group’s 2023 performance if the car retail PLC meets a series of three-year performance targets.
Harwoods Group has appointed former Volvo Car UK managing director Jon Wakefield as chief executive as it prepares for a 2023 transformation that will “revolutionise the automotive industry”.
Lookers has raised its 2022 full-year profit expectations to over £80 million and revealed plans to add further to recent new car franchise additions Lotus Cars and Ora.
Car dealer group operation Inchcape Retail rebounded from £76.4 million pre-tax loss to deliver profitability in 2021 financial results.
Eastern Western Motor Group joint managing director Peter Collin is set to retire at the end of 2022, with his counterpart Keith Duncan assuming the role of group managing director, with responsibility for the entire group and its strategic direction.
LSH Auto UK has appointed LSH Australia general manager as its new managing director in preparation for Mercedes-Benz’s introduction of agency model car retail in 2023.
Leveraging a start-up culture in car retail emerged as a key topic in this episode of the AM News Show podcast, featuring Waylands Automotive CEO John O’Hanlon and eBay Motors chief operating officer Phill Jones.
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
Snows Motor Group is celebrating record financial results in its 60th anniversary year after more than doubling its return on sales and growing pre-tax profits by 183% in 2021.
Vertu Motors has added its first Ferrari supercar and Volvo dealerships to its car retail portfolio through the £117 million acquisition of Helston Garages.
Luxury car retail group Rybrook has completed the acquisition of Helston Garages’ Porsche car dealership in Exeter.
Arnold Clark’s bid to acquire Yorkshire based franchised car retailer Car2 has ended after the two businesses were unable to strike a deal.
Yeomans Group has completed the acquisition of 11 Audi, Volkswagen, VW Commercial Vehicles and Skoda franchised car dealerships from Helston Garages for an undisclosed sum.
Caffyns has cited stock shortages, economic uncertainty and energy concerns in a “cautious” trading outlook after a half-year trading statement revealed its profits had declined by a third.
