After Peter Ambrose Peugeot became the UK's first mainstream car dealer to adopt an employee ownership trust (EOT) model, RSM’s head of motor retail Alison Ashley explains why its succession strategy is becoming increasingly popular with automotive business leaders.
Oakmere Motor Group has taken to two wheels with the launch of a new Norton Motorcycles dealership.
Jaguar Land Rover (JLR) retailers have been left “flabbergasted” by the Indian-owned carmaker’s new plan to axe its 75-year-old Land Rover brand.
Pendragon’s board expects the AM100 car retail PLC to “comfortably outperform” its previous expectations for 2023 after delivering a 23% rise in underlying pre-tax profits during Q1.
Eastern Western Motor Group has completed the refurbishment of its Edinburgh West and Fife Nissan dealerships.
Hendy Group has secured planning permission which will allow it to transform a former John Lewis store into a multi-brand car dealership.
Vertu Motors has invested £375,000 to create a new Parts Plus aftermarket business for its Bristol Street Motors operation in Croydon.
Vertu Lease Cars, part of AM100 motor retailer Vertu Motors, has been sold to UK Carline for an undisclosed sum.
Swansway Group director Peter Smyth has revealed that the AM100 car retail group has committed £5 million to upgrade its IT systems after admitting he was “frightened to death” of the threat of a cyberattack.
A group of women footballers from Inchcape UK teamed-up with former squad members from England’s national team of Lionesses to raise funds for Leukaemia UK.
JCB Group has replaced its Honda franchise in Ashford with a new dual-brand Renault and Dacia car dealership for the Kent town.
Ocean Automotive has celebrated a hat-trick of Audi Q Power Awards successes after securing the German premium carmaker’s UK Centre of the Year title for a third consecutive year.
The Motorpoint used car supermarket group has revealed record revenues totalling £1.44 billion from its 2022 financial year in a trading update published this morning (April 6).
Steven Eagell could be about to secure the acquisition of 13 Toyota and Lexus car dealerships from Marshall Motor Group.
Lookers chief operating officer Duncan McPhee has said the AM100 PLC is ready to accelrate growth through acquisitions and the creation of a Lookers Car Hub used car operation.
Lookers chief executive Mark Raban has said that he is “delighted” with the car retail group’s 2022 financial results performance in light of the “supply disruption, inflation and rising interest rates” experienced in the period.
Peter Vardy has expanded the reach of its CarMoney motor finance broker service outside the UK with the launch of a new operation in Perth, West Australia.
Group 1 Automotive is on the hunt for a new managing director once again after Mark Bridgland announced his departure from the US-owned car retail group ahead of the start of a “new venture”.
Hendy Group is all set to showcase its newly-expanded supercar retail portfolio at its high octane annual Hendy Performance Open Day event.
New and used car handovers were down 29% in March as supply challenges continue to “plague” the automotive retail sector.
