Cambria Automobiles has reported increased profitability in interim financial results revealing that the AM100 car retail group was performing 'ahead of expectations' prior to the COVID-19 lockdown.
Car retailers would benefit from more flexibility from Government’s coronavirus job retention scheme (CRJS) as the financial balance of returning furloughed staff to work becomes businesses' "biggest challenge".
Marshall Motor Holdings chief executive Daksh Gupta said that he agreed with Extinction Rebellion’s “sentiment towards climate change” but not the execution of its protests after seeing his dealership vandalised by campaigners.
AM is keen to gain insight into the levels of support received from Government and car retailers’ manufacturer partners as they battle to mitigate the impact of the COVID-19 coronavirus lockdown.
Pendragon has claimed that it is “well-positioned” despite the end of merger talks with fellow AM100 car retail group Lookers which would have created the UK’s largest car retail group.
Inchcape has appointed former Fujitsu director Duncan Tait as its new Group CEO after the departure of Stefan Bomhard prompted “strong interest and a group of high-quality candidates”.
Volvo Car UK managing director Kristian Elvefors has said that his retail network is “in pole position” for the safe return to work following the COVID-19 coronavirus outbreak.
Marshall Motor Holdings has achieved a 12th-placed finish in the Super Large category of the annual Best Workplaces ranking presented by Great Place to Work.
Devonshire Motors has launched a “DM Stay Safe” initiative to reassure customers and employees of stringent efforts being made to sanitise its cars and showroom premises amid the COVID-19 coronavirus pandemic.
Planning for a car retail group’s recovery from the COVID-19 coronavirus lockdown has been likened to “starting a completely new business with your hands tied behind your back.”
An £8.2 billion hit already sustained by UK car manufacturing as a result of COVID-19 coronavirus factory shut-downs could get “much worse” without a rapid retail resurgence, the SMMT has warned.
AM is urging retailers to share their experience of trading during the COVID-19 coronavirus outbreak and their hopes for a recovery once current restrictions are eased.
Luxury car retailer Romans International has launched its Elev8 Finance broker arm to the wider market after funding more than £300 million of supercar sales – including a £3.5m Ferrari Aperta.
Lookers will expand its internal fraud investigations to its entire business after initial findings from one of its operating divisions resulted in an expected one-off charge of over £4 million in its 2019 financial results.
Stoneacre Motor Group's directors will forego their salaries after taking the decision to furlough 3,000 employees due to the COVID-19 coronavirus pandemic – vowing not to take a wage until the business “returns to profitability”.
The National Franchised Dealers Association (NFDA) has said that online car sales and deliveries “remain acceptable” during the COVID-19 coronavirus lockdown.
Chancellor Rishi Sunak has written to Simon Bailes Peugeot to praise the car retailer from its support of the NHS during the COVID-19 coronavirus outbreak.
Peter Vardy has appointed former Skyscanner chief financial officer Colin McLellan as CFO of its group of companies, including the digital finance broker CarMoney and online retail platform provider SilverBullet.
Cazoo has continued to sell cars online and facilitate “contactless” home deliveries during the COVID-19 coronavirus lockdown period – offering a £250 discount to NHS workers.
Less than half of UK car retailers are equipped to complete contactless online car sales despite the renewed focus on digital marketing brought by the COVID-19 coronavirus outbreak.
