AM100 car retail PLC Cambria Automobiles has reported that it has been “trading ahead” of its previous financial year during the first five months of its 2020/21 reporting period.
Car retail's switch to omnichannel retailing during successive COVID-19 lockdowns have ensured that used cars buyers have “never had it so good”, according to CarShop CEO, Nigel Hurley.
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
The Chorley Group has joined the Vauxhall and Mitsubishi franchises with the acquisition of Lancashire-based 06 Ormskirk Ltd.
The Vertu Motors board has said that the AM100 car retail group is positioned to realise “ambitious growth aspirations” after crediting a huge Vertu team effort for a creditable 2020 trading performance.
Mitsubishi Motors in the UK franchised car retailers are still waiting to be issued with new aftersales contracts a year after the Japanese brand announced its plan to end new car sales in Europe.
Peugeot has set out its intention to continue a “journey upmarket” with the introduction of a new logo, marketing campaign and corporate identity (CI) for its franchised car retail network.
Livery Dole, Tees Valley and Ullswater Road Garage have opened new Subaru UK dealerships as part of a “roots-up” restructure of the brand’s franchised car retail network aims to add 10 new locations in the first half of 2021.
JCT600’s VW Van Centre in Hull received Volkswagen Commercial Vehicles’ ‘Gold Award’ as it emerged from a COVID-impacted 2020 as the LCV franchise’s top-performer.
Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020.
Car dealers across Scotland have been left “bitterly disappointed” by news that showrooms are unlikely to be allowed to re-open their doors to customers until April 26.
There will be no u-turn of Mitsubishi Motors in the UK’s decision to transition away from new car sales, despite reports which suggest the Japanese carmaker could review its decision to withdraw from Europe.
Waylands Automotive has joined the Kia Motor UK franchised network with the acquisition of Pendragon's Evans Halshaw car dealership in Reading.
Car retail group bosses from Cambria, JCB Group and Arbury Group were among those hoping that news of showrooms re-openings on April 12 will be the start of a prolonged bounce-back from COVID-19 ‘Lockdown 3’.
Drayton Motors has completed the acquisition of Grantham Kia operator Victor Wood Group for an undisclosed fee.
Cazoo has begun an expansion “across Europe” with the acquisition of German car subscription provider Cluno.
Protestors spreading claims suggesting Volkswagen used forced labour in China chose London dealership Alan Day Volkswagen as the target for their campaign.
Three raiders targeted desirable Ford Focus ST performance cars when they broke into the Formula One Car Supermarket in Falkirk.
Cazoo, a UK online motor retailer that already sold almost 20,000 cars to consumers since December 2019, says claims it is stock market bound are speculation.
Work is underway to create the UK’s first ‘Destination Porsche Centre’ sports car dealership after Porsche Retail Group revealed details of the new retail facility in Reading.
