Pendragon, the owner of the Stratstone, Evans Halshaw and Car Store brands, has delivered a positive set of trading results revealing pre-tax profits rising 10.6% to £36.4 million in the six months to June 30.
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
Pendragon is preparing to launch a fresh used car proposition under the brand ZenCar by the end of this year.
Pendragon has reported an underlying profit before tax of £8.2 million in 2020 annual financial results which painted a picture of a COVID-19 impacted year of two halves for the car retail sector.
Independent used car dealer group Carbase has appointed former Pendragon Car Store division boss Chris Caygill as its new strategy innovation director and Richard Green as chief executive.
Pendragon has said that it “almost entirely” offset its losses from a COVID-19 impacted first half of the year with an eight-fold increase in underlying pre-tax profits in Q3.
Tesla is poised to double the scale of its electric vehicle (EV) dealership network in Scotland with the opening of a new Glasgow store in a former Evans Halshaw Car Store showroom.
Pendragon will rebrand and restructure its Car Store used car division while driving digital innovation in a new growth strategy which it hopes will deliver an underlying profit before tax of £85m to £90m by 2025.
The Evans Halshaw, Stratstone and Car Store car retail businesses will have a “powered by Pendragon” prefix added to their name as part of a rebrand of the AM100 car retail group aiming to add confidence to car buying consumers.
Pendragon has revealed that it suffered a £117.4 million loss after tax in 2019 in an annual results statement that revealed the full impact of “significant H1 losses”.
Pendragon has claimed that its performance “improved significantly” during the second half of 2019, as it carried out the closure of 22 of its nationwide Car Store used car dealership sites.
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
Pendragon’s plan to close 22 of its 34 UK-wide Evans Halshaw Car Store used car retail sites gathered momentum last week with staff taking to social media to share their sadness at site closures.
Pendragon has announced plans to close 22 of its Car Store used car supermarkets and one vehicle preparation centre after detailing a £32.2m underlying pre-tax loss in its H1 2019 financial results.
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
Hendy Group has begun a countdown to the opening of a new 200-car Hendy Car Store used car supermarket in Dorset.
The divisional director of Pendragon’s loss-suffering Car Store used car retail network is away from the business on ‘gardening leave’, AM has discovered.
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
South coast automotive group Hendy will open a Car Store used car showroom in Ferndown, Dorset, next year.
Cars will be sold alongside clothing and homeware at Next stores after omni-channel vehicle retail specialist Rockar announced its first collaboration with the high street name at the Manchester Arndale shopping centre.
