Vertu Motors’ COVID-19 recovery accelerated the AM100 PLC to a £19 million profit in Q2 to reverse a £14.3m Q1 loss and deliver a profit in a challenging period for automotive retail.
Kia Motors UK has celebrated the strong comeback from COVID-19 lockdown made 34 of its franchised car dealers with the award of a series of special President's Acceleration Awards.
The average UK car retailer delivered a £28,000 year-on-year swing to profitability in August to ensure “a profitable 2020 seems very much in reach for the average retailer”, according to ASE.
Shelbourne Motors has marked the first anniversary of the opening of its £5 million multi-brand car dealership in Newry with a 20.5% increase in pre-tax profits in its 2019 annual financial results.
Mazda has built on its ‘Mazda My Way’ home test drive concept to take car buying to customers across the UK with its new ‘Mazda Your Way’ pledge.
The PSA Group has claimed that its new Robins & Day multi-brand car dealership in Chiswick offers the car buyers the UK’s “largest concentration” of new electric vehicles (EV) to choose from.
Vertu Motors has completed the acquisition of Sandicliffe Motor Group’s Kia dealership in Nottingham.
Volvo Car UK retailers were among high-performing UK car dealers celebrating their “best September ever” after overcoming the challenges of the COVID-19 pandemic to recover with record sales.
Listers Group has revealed a 41.3% decline in profit before tax as turnover declined by 1.9% in its annual financial results report for 2019.
The Steven Eagell Group has opened a new Lexus used car showroom and aftersales facility in Kings Lynn with the relocation of its Toyota franchise in the Norfolk market town.
Online car retailer Cazoo has attracted a new group of investors in a new funding round which has taken its overall financial backing to a record £450 million.
Arbury Motor Group, Car Giant, Riverside Motor Group and Tom Hartley Jnr have all been included among the Sunday Times PwC Top Track 250 rankings of Britain’s leading mid-market private companies.
Online used car retailer Cazoo has opened its fifth Customer Centre in a former Imperial Cars car supermarket site in Birmingham.
Research by eBay Motors Group has showed that 56% of car buyers “definitely” want to visit a dealership as part of their next car purchase, with 24% saying they would “probably” visit.
The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
Used car supermarket giant Motorpoint will welcome 30 new employees to its ranks when it officially opens the doors to its new retail site at Stockton-On-Tees in December.
Pentagon Motor Group welcomed Vauxhall sales director Stephanie Howson to Sheffield to officially open its new dealership facility in the city.
Car retailers are among businesses across the UK which must now display QR codes to allow the NHS COVID-19 ‘track and trace’ app to monitor the movement of their staff and customers.
Vauxhall has said that any dealership corporate identity changes will have “have a limited impact on our retail network” after it followed in the tyre tracks of Volkswagen, BMW, Toyota and Lexus to create a new 2D brand logo.
LSH Auto UK is on track to embrace a series of sports-themed special events and marketing opportunities after being named as the official car and van supplier to British Athletics.
