Vertu Motors has asserted that ‘scale is a key success factor’ in automotive retail in a five-month trading update detailing its rapid expansion the addition of new dealership operations across the UK.
Car retailers across the UK have spoken of a desire to generate the excitement of a “dream” March number plate change month as new 23-plate cars were handed to customers this morning.
Genesis has begun conversations with potential car retail partners across the UK ahead of a growth push to establish a physical footprint of up to 20 dealerships.
Arnold Clark has continued to grow a “healthy freehold property portfolio” with the acquisition of two Cazoo vehicle handover sites.
Motorpoint has started a recruitment drive to attract staff for its 20th used car retail site, which is set to open in Ipswich in May.
Hendy Group founder and chief executive hailed 2023 as the car retailers “biggest year” as he celebrated the successes of its top-performing staff at an annual awards event.
Lookers expects to deliver a “quick return” on a muti-million-pound investment to grow its fleet of mobile service vans as it pursues growth in cosmetic repair and alloy wheel refurbishment.
Car supermarket group AvailableCar has signed a five-year remarketing deal with Cox Automotive that will see 12,500 cars per year pass through Manheim auctions.
Eden Motor Group is launching a new car subscription mobility service after becoming Karzoom’s retailer partner for the Thames Valley.
Car retail group JT Hughes has revealed that it more than doubled its profits in 2021/22 following the addition of a new Kia franchise and a new Isuzu pick-ups dealership.
Vertu Motors has acknowledged colleagues who have performed ‘exceptionally well’ and delivered high levels of leadership throughout the year.
Car retailers are being urged to contribute to a survey gathering information on behalf of the Office Zero Emissions Vehicles (OZEV) and could help shape future UK Government’s policy.
Cazoo has completed the disposal of the used car data insights platform Cazana for an undisclosed sum just over 17 months after acquiring the business for £25 million.
A Dick Lovett Ferrari experience manager has refuted a claim that an ex-bodyguard of Michael Jackson was “ignored” by dealership staff because he was wearing a tracksuit.
Brindley Group is set to introduce a host of eco-friendly measures to reduce its carbon footprint when it commences the £2 million redevelopment of its Kia dealership in Wolverhampton.
Mercedes-Benz UK’s first month on the new direct to consumer distribution model, and agency contracts, highlights the need for ‘agile’ vehicle pricing, despite fixed price promises
Car retail sector PLCs Vertu Motors, Pendragon, Lookers and Motorpoint are expected to see “valuations improve” as stability returns to the UK economy.
Lookers has continued to invest heavily in its dealership property portfolio with completion of a £1 million transformation of its Nissan Gateshead franchise.
More than a third of car retailers claim that their business’ survival will be put at risk in the UK Government does not step in to provide support with their energy costs.
Motorpoint has strengthened its senior leadership team with the appointment of Kal Singh, a former executive of the Dreams retailer, as its new chief operating officer.
