A burglar who raided Holdcroft Motor Group dealerships on two separate occasions has appeared before the judge at Stoke-On-Trent Crown Court.
Motorpoint has been cutting jobs, reducing stock purchase costs and halting its expansion plans as it fights to stem financial losses which the national car supermarket chain blames on difficult macroeconomic conditions.
One of the potential suitors of Pendragon, the UK car dealer group at the centre of takeover talks with several prospective buyers, has publicly backed out.
Vertu Motors sold more than 95,000 new and used vehicles in the six months to August 31 2023 - an 11% uplift.
Independent Holden Group has grown its business to seven locations across East Anglia following the acquisition of Cecil & Larter in Bury St Edmunds.
America's Lithia Motors has increased its acquisition offer for Pendragon by 42%, another £117 million, taking the amount being offered for all its Stratstone, Evans Halshaw, Carstore and PVM motor businesses up to £367 million.
Lookers £6m Car HUB concept gets green light
Karzoom has struck a new dealer partnership with Sandicliffe Motor Group, extending its regional coverage across the East Midlands.
Marubeni Auto Investments (MAIUK) has teamed up with iStoreDOCS to support the expansion of its HPL Car Supermarkets in Oldham, Preston, and Atherton.
A director of an AM100 dealer group has branded the UK Government’s zero emissions vehicle strategy “a bloody shambles” after targets were reaffirmed by the Department for Transport yesterday.
The end of 39 years selling Toyota new cars as the Japanese brand restructures its retail network has left staff at Scottish car dealer group Struans "devastated and very disappointed".
Arnold Clark extends Click & Collect network with new Exeter site
Car dealers should protect themselves against wrangling over the real-life - as opposed to advertised - range of electric vehicles (EV) by getting buyers to accept that there is likely to be a disparity.
Pendragon, the owner of the Stratstone, Evans Halshaw and Car Store brands, has delivered a positive set of trading results revealing pre-tax profits rising 10.6% to £36.4 million in the six months to June 30.
American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.
Maserati has become the latest brand to join luxury dealer group H.R. Owen’s new multi-marque facility with the opening of the first UK new store concept in Hatfield.
A second pitch from Anders Hedin and Roger Penske's dealer groups to acquire Pendragon in its entirety has upped their offer from 28p per share to 32p per share.
The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
Ray Chapman Motors Bradford readies for October reboot
Dealerships may not be entirely ready for the volume and the complexity posed by the numerous Chinese electric vehicle (EV) brands hitting the UK market.
