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.
Hendy Group has launched a recruitment campaign to attract 18 new members of staff to its new £9m Honda, Kia and Mazda dealership development in Eastleigh.
Sytner Group recorded a 9.3% decline in profit before tax as it generated a record turnover during 2017, annual financial results have revealed.
Marshall Motor Holdings has expressed its aim of focusing on its “strong balance sheet” in a trading update issued in response to the introduction of the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP).
Waylands Automotive has acquired Johnsons Cars’ Volvo Oxford car dealership to extend it operations to four sites – all with the Swedish premium brand.
Sportif Citroen managing director John Miskin has sold the Aylesbury-based franchised car dealership to his son Simon - signalling his retirement from the business.
Franchised car dealerships failed to make the grade in The Sunday Times Grant Thornton Top Track 250 league table as it ranked Britain’s private mid-market growth firms by latest sales.
Shelbourne Motors is preparing to add a Renault dealership to its new £5m multi-franchise complex in Newry after reaching an agreement to represent the French car brand.
Alan Day Volkswagen has expanded its franchise offering with the official opening of a new Skoda showroom in North London.
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.
Volkswagen Group brands accounted for 49% of the UK’s total registrations decline of 20.5% (87,336 vehicles) as the brand’s WLTP-related supply woes were felt by car retailers in September.
Donnelly Group reveals plans to bring Honda franchise and a Motorstore used car supermarket to Bangor after completing the acquisition of the town’s Shaws Citroen car dealership.
Snows Motor Group has acquired Perrys Group’s single-site multi-brand dealership selling Fiat, Mazda and Peugeot in Portsmouth.
BRD Retail Group has closed its Burton-on-Trent Suzuki franchise after 12 months of financial losses rendered the business “unsustainable”.
Kia will extend its electric car sales network to all its entire franchised retail network from January.
Buoyant car registrations resulting from the September switch-over to WLTP and RDE fuel economy and emissions tests saw car dealers defy the usual August slump with a £200 average profit, ASE has reported.
Pendragon’s Evans Halshaw car dealership in Wakefield has become the first UK franchised site to house Peugeot and its PSA Group stablemate Vauxhall under the same roof.
Endeavour Automotive has officially opened its standalone Lotus franchise in Colchester – growing its representation with Geely-owned brands.
Pendragon’s Stratstone brand is set to begin the development on a new Jaguar Land Rover dealership in Newcastle after appointing APP Construction to complete the project.
