Vertu Motors has revealed that its 2022 pre-tax profits will have risen by more than 200% in 2022 as it forecast a year-end total of “not less than £75 million” in a trading update issued this morning.
Car dealers have told AM that a new-look plate-change period which goes without the traditional March car sales mayhem and eases the year’s trading peaks and troughs is “good news” for the sector.
MG Motor UK has told its franchised car retailers to stop taking orders for new petrol vehicles after “unprecedented demand” saw it fill its 2022 sales quota by the end of February.
The newly-appointed manager of Paul Rigby Group’s Polestar Space Birmingham store has said he is excited by the challenge of exploring a “new form of retail”.
Peter Vardy Group has committed to donating 10% of its March profits to humanitarian projects in Ukraine as the Russian assault continues to impact civilian lives.
Steven Eagell Group chief executive Steven Eagell has spoken of his “enormous pride” after the car retailer won nine categories in the annual Toyota and Lexus dealer of the year awards.
Johnsons Cars’ Solihull Volkswagen showroom site has been sold for £15 million after being identified as a “none-core asset” by its new owner.
Cazoo has completed a Spanish football sponsorship double after following an agreement with Real Sociedad with a follow-up deal for Valencia.
Inchcape PLC’s global footprint will mitigate the impact of a £750 million exposure to the Russian automotive sector, analysts have said.
West End Garage in Edinburgh beat the other 130 dealerships in Skoda's UK dealer network to scoop the brand's Retailer of the Year Award for 2021.
Arnold Clark chief executive Eddie Hawthorne has told AM that the Scottish automotive retail giant expects to sever ties with more franchises after its exit from Ford and Toyota this month.
Paul Rigby Group will operate the UK’s third Polestar Space when the electric vehicle (EV) brand’s new facility opens its doors to customers at the Touchwood Solihull shopping centre next week.
Renault Retail Group has closed its Renault London West site and relocated the business into a former Robins & Day Vauxhall showroom at Staples Corner.
Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.
Ford and Peugeot retailer Busseys will close two of its franchised dealerships as it works to adapt to the “huge changes” impacting the automotive retail sector.
Snows Motor Group has launched a ‘Mission 60’ fund-raising drive to raise £60,000 for good causes in its 60th anniversary year.
Fresh Motors has opened a new site in Watton with capacity to display more than 100 used cars and vans for sale.
Unity Automotive has expanded in Coventry with a standalone showroom representing the rapidly-growing MG brand.
Newspaper The Times has criticised dealer groups which it says will post "record annual profits" this year for not paying back the state support they received when COVID lockdowns closed their showrooms.
The boss of a Bristol Suzuki car dealership has been left reeling after Storm Eunice wrecked 15 new cars on its forecourt.
