Former Lookers duo Andy Bruce and Nigel McMinn have joined board of the Fleet Alliance as the £1 billion business looks to accelerate its growth in leasing and personal mobility.
Vertu Motors' Bristol Street Motors division has continued its multi-franchising push with the addition of Hyundai in Sunderland and its first MG Motor UK dealership in Carlisle.
Marshall Motor Holdings has upgraded June’s forecast of record profits for 2021 in a trading update predicting an underlying pre-tax profit of “not less than £40 million” for the year.
Cambria Automobiles chief executive Mark Lavery has agreed an improved management buy-out offer of £82.5 million with the AM100 PLC’s board or directors.
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%.
Inchcape PLC has reported a 30% rise in turnover and a near 15-fold increase in its pre-tax profits as showed strong signs of recovery from the COVID-19 pandemic in the first half of 2021.
Lookers has said that a positive swing in performance that will see 2020’s H1 loss of £50 million converted into a £50m pre-tax profit in the first half of this year.
Vertu Motors has suggested that its 2021 pre-tax profits could be up to 60% more than forecast just a month ago after continuing its “exceptional” performance in the used car market.
Vertu Motors will operate Leicester’s Renault and Dacia franchised car dealerships in Leicester after acquiring the businesses from Renault Retail Group.
Motorpoint has revealed that it sold 61% of its used car volume online in Q1 as it accelerated its ecommerce retail offering to deliver a record start to 2021.
Lookers has marked the opening of its new Chester Kia dealership with a weekend-long customer event.
ITV has shared a trailer revealing a sneak preview of Vertu Motors PLC chief executive Robert Forrester’s starring role in its Undercover Big Boss fly-on-the-wall reality TV series.
Marshall Motor Group chief executive Daksh Gupta has confirmed that the AM100 car retail PLC will maintain all COVID-19 social distancing measures after July 19’s ‘freedom day’ – including face masks.
Vertu Motors has grown its motorcycle dealership portfolio in the North East with the addition of a new Honda showroom in Stockton.
Vertu Motors chief executive Robert Forrester will feature in the forthcoming series of ITV’s hit reality television series Undercover Big Boss.
Inchcape UK will reassert its commitment to growth with the creation of an all-new standalone used car sales division and a series of large-scale dealership development projects.
Lookers chief executive Mark Raban has told AM that he is positive about the group’s future after overcoming a “perfect storm” of legacy issues and COVID-19 to report positive 2020 annual financial results.
Lookers has said that it can now “look to the future with confidence” after emerging from the most challenging period in its history.
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.
