Car showrooms will be allowed to reopen from 1 June, PM Boris Johnson confirmed in Monday 25 May’s daily briefing. A formal announcement will come later this week. The lift in restrictions is subject to social distancing regulations. Answering a question on Sunday about when retailers would be able to reopen, the Prime Minister said […]
Read More →Cargiant founder Geoffrey Warren is the leading auto retail name on the 2020 Sunday Times Rich List with a wealth of £1.3bn. He is placed 111th in the list and achieves billionaire status in 2020; his 2019 wealth listing was £500m. Arnold Clark’s Lady Philomena Clark and family are 134th at £1.13bn, IM Group’s Lord Edmiston is […]
Read More →Leading franchised retail groups and sales platforms are reporting a rise in activity and vehicle sales. This follows PM Boris Johnson’s confirmation that car showrooms should be able to reopen from 1 June. Vertu’s Robert Forrester said last Friday’s retail orders were “well over 100… best since lockdown started”. He confirmed very strong demand in […]
Read More →Car showrooms will be able to reopen on 1 June placing them in the second stage of the Prime Minister’s plan to restart the economy. This is the news according to the Government’s latest guidance issued 11 May. Reopening on 1 June places car dealerships in the same group as shops, as set out by […]
Read More →Pendragon, has confirmed it approached Lookers about a merger recently, according to a report by Sky News. Lookers rejected the approach from the leading franchised retail group because of the ongoing FCA investigation and the coronavirus crisis. The financial statement by Pendragon said: “The company confirms that it held outline discussions with Lookers suggesting they might […]
Read More →Premium and luxury brand group Cambria was performing well before the coronavirus and lockdown struck the economy Chief executive Mark Lavery said Cambria Automobiles was planning for “return to work scenarios that can be initiated at the appropriate time”. He commented they had “sufficient liquidity to see through the challenges that the pandemic currently presents”. […]
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