Jennings Group managing director Nas Khan has revealed that the group cancelled plans for a new £6m flagship FordStore dealership due to the effects of Brexit and uncertainty over the future of diesel vehicles.
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 reported a 42% increase in revenues and 163.7% increase in profit before tax in its first set of annual financial results since the acquisition of the Lifestyle Europe car dealership group.
Inchcape UK has completed the move to “the newest Mercedes Benz centre in the UK” following the completion of a multi-million pound dealership development in Coventry.
Marriott Motor Group directors Paul Barnard, Ian Woodward, Steve Bridges, Robert Rolfe and Austin Seales have completed the Three Peaks Challenge in aid of East Anglia’s Children’s Hospice (EACH).
Chorley Group's new Digital Response Team has completed 75% of all its sales at times traditionally considered 'outside of office hours' after introducing late-night car buying to meet the changing needs of its customers.
Registrations have opened for the car retail sector’s biggest annual expo event – Automotive Management Live 2018.
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.
Volvo Car UK has teamed up with Esplanade to return the brand to the Isle of Wight after a ten-year absence from the island.
Managing directors and chief executives from the automotive retail sector will “challenge and test best practice” surrounding diversity and inclusivity when they meet at a one-day collaborative seminar hosted by Auto Trader and Ennis & Co.
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.
Subaru UK is hosting an open house franchising event for prospective franchisees at its Birmingham head office on May 30, 2018.
Motorline has acquired the freehold car dealership site in Worcester, which was previously home to Nissan and Renault franchises operated by the Hylton Group.
The Agnew Group has opened its revamped Newtonabbey Volkswagen dealership with the addition of a commercial vehicle operation as part of a £2.25 million investment in the franchise.
The Hendy Group is set to expand its portfolio with the addition of a new Mazda franchise in Tunbridge Wells.
Work is now underway on Waylands Automotive's multi-million-pound Volvo Cars Reading showroom and workshop, with expected completion in November 2018.
Burrows Motor Company has completed its withdrawal from the Hyundai franchise with the sale of its Doncaster franchise to the Read Motor Group for an undisclosed sum.
Williams Group has unveiled its plans for a £41 million multi-site car retail development in Manchester - featuring BMW, Mini, Jaguar and Land Rover showrooms.
Failing demand for new cars could trigger a more widespread reduction in the UK’s car dealership numbers following Vauxhall’s move under its PSA Group owners, according to the SMMT.
Dales Seat Scorrier has been named Seat Dealer of the Year for outstanding performance in 2017.
