Kia UK president and chief executive Paul Philpott has insisted that the Korean carmaker’s ambitions will not stop with after it delivered its 100,000 registrations landmark in 2022.
Honda UK head of cars Rebecca Stead has told AM that the Japanese brand’s restructure of its UK retail network “delivered everything we said it would”.
A new Kia car dealership corporate identity (CI) is set to be applied to the entire UK retail network by the end of 2024 will break cover in Edinburgh and Bolton within weeks.
Car retailers enjoyed a 364% year-on-year increase in profits during July as appreciating used car values boosted the sector, according to ASE.
Car retailers delivered a record return on sales of 2.13% in the rolling 12-month period to June 2021, according to the latest market data from ASE.
The average UK car retailer recovered more than half of the losses suffered during a Q2 trading period devastated by the COVID-19 coronavirus lockdown, according to ASE Global.
Mitchell Group has reported an 8.6% rise in turnover and 13.6% rise in profit before tax to defy a challenging car retail market at its Cheshire Oaks multi-brand dealership site in 2019.
Swansway Motor Group has reported a 35% increase in its profit before tax in its annual financial results for 2018 – despite a decline in turnover.
Car dealers showed their ability to adapt to challenging market conditions by achieving an average profit of £2,900 during December, ASE has reported.
Peugeot UK managing director David Peel told delegates at the brand’s national dealer conference to “be prepared” for electric vehicles as its makes the transition to an EV model line-up.
Hendy Group has reported a 42% increase in revenues and 163.7% increase in profit before tax in its first set of annual financial results since the acquisition of the Lifestyle Europe car dealership group.
Car dealers who generated an £17,000 average profit in December 2016 suffered the effects of a £400 loss 12 months later, according to ASE.
Car retailers recorded an average loss of £19,000 in a "tough" November as the average return on sales percentage dipped to 0.97%.
Mitchell Group looked to praise its loyal staff and "market-leading" return on sales after recording a 10.8% rise in its annual turnover to £51.3 million.
Three-year slump in profitability of franchised dealerships blamed on Increased competition and pressure on margins.
