Pinewood Technologies has upgraded its earnings guidance as the pureplay automotive software firm prepares for major overseas expansion supported by a brand refresh as Pinewood.AI.
Automotive retail software provider Pinewood Technologies has secured a major five-year contract with AM100 heavyweight Marshall Motor Group.
Automotive retail software provider Pinewood has reported significant progress in the first half of FY24, executing a roll-out of its system into Lithia UK dealers and expanding internationally.
Pendragon PLC's sale of all its Evans Halshaw and Stratstone dealerships and vehicle leasing businesses to Lithia netted a £40.7 million for the remainder of the business, which now continues as Pinewood Technologies PLC.
Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor's takeover of the motor retail part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.
Dealer management system firm Pinewood will be focused on growth in the UK and USA once parent group Pendragon has sold its motor retail business to US-based Lithia and Driveway.
Pendragon is accelerating its plans to conduct a “comprehensive review” of its business in light of Hedin Group’s £411 million bid to take over the PLC.
Pendragon is providing its customers a new payment option with Pinewood DMS and Vyne open banking in-store and online.
Renault has certified Pinewood DMS as an approved international dealer management system provider, in recognition that it supports a range of Renault interfaces to help franchisees operate their businesses effectively.
DMS firm Pinewood has secured its latest integration with Volkswagen Group to support its franchised networks with leads.
Pendragon’s Pinewood Technology has launched a new online payment feature for car retailers’ aftersales departments – enabling customers to pay before collecting their car.
Pendragon’s profit before tax total slipped to a £44.4m loss in 2018 as revenues declined by 2.4% to £4.63bn in its annual results to December 31, 2018.
Vauxhall retailer Thurlow Nunn has re-implemented Pinewood DMS across all 12 of its locations.
Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
DMS provider Pinewood has recruited seven graduate software developers from Vietnam as a result of an increase in competition in recruitment following the Brexit vote.
Neville Briggs, the managing director of Pinewood, explains why the DMS market is moving towards mobile usage and self-service.
Pendragon’s Pinewood car dealer software provider has expanded its reach into the Dutch automotive sector with the roll-out of its DMS offering to Hyundai franchisee Dirk Barten Group.
Pendragon has blamed the performance a faltering UK Motor Division for a 41.4% fall in underlying pre-tax profits in financial results for the first half of 2018.
Pinewood has made it possible for its car dealer clients to sell and manage vehicle their stock directly from their smartphone or tablet with the introduction of its new Stock+ app.
