Automotive retailers were obliged to accelerate their omnichannel retail plans in response to the COVID-19 pandemic, but another by-product of this development has been the demise of the haggle.
Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.
Pendragon is set to become the UK’s first Jaguar Land Rover (JLR) franchisee to showcase a new 'Modern Luxury' dealership design philosophy for the OEM’s premium brands.
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.
A former Evans Halshaw employee who diverted 73 DVLA cheques worth over £10,000 into his own bank account has avoided jail in a fraud hearing at York Crown Court.
AutoProtect Group has welcomed former Pendragon head of finance & insurance Mike Edwards as its new chief sales and marketing officer.
Car supplies could take up to eight years to recover after component shortages and COVID-19 factory closures, according to Pendragon chief executive Bill Berman.
Pendragon will re-launch its CarStore division with a new hybrid sales process designed to remove the “restrictive” process of traditional retail and new online rivals, chief executive Bill Berman has told AM.
Pendragon has increased its profit expectations for 2021 by a further 14.3% after continued car buyer demand powered it to another profit upgrade.
Swedish motor retailer Anders Hedin has increased his stake in the UK's top 10 AM100 group Pendragon to just over 25% of voting rights.
A High Court judge concluded that Inchcape UK CEO James Brearley appeared prepared to “tell untruths” after dismissing a case that a law firm’s negligence prevented him from opening a Jaguar Land Rover dealership in Wolverhampton.
Pendragon has appointed former DFS chief executive Ian Filby as non-executive chairman as it sets out to deliver on its new, digitally-driven strategic priorities.
Pendragon has followed fellow car retail PLCs Marshall and Lookers into issuing an upgrade to its 2021 profit expectations after a “strong” Q3 performance.
Pendragon is preparing to launch a fresh used car proposition under the brand ZenCar by the end of this year.
Pendragon has posted a pre-tax profit of £35.1 million for the first half of 2021, compared with a loss of £31m over the same period last year.
Strong demand from car buyers and good levels of stock in the first half of the year have prompted Pendragon to upgrade its pre-tax profit guidance for 2021 by 20%.
Pendragon has followed criticism over its lack of trading statements with a pre-close update forecasting full-year 2021 underlying profit before tax of £45 million to £50m.
Major Pendragon shareholder Anders Hedin has once again questioned bonus payments to CEO Bill Berman in an open letter to the AM100 PLC’s other investors.
Pendragon has fully-reopened its Stratstone Doncaster BMW dealership following a redevelopment which has added 20% more showroom space.
Pendragon chief executive Bill Berman will receive bonus payments criticised as being “out of tune” despite a 42.2% vote against the PLC’s director remuneration at today’s AGM.
