Auto Trader announced its annual retailer awards digitally on 23rd October. Franchised retail group, Luscombe Motors, has repeated its 2018 victory in the awards. They are winners of the Retailer of the Year prize for businesses selling over 100 cars. Cedar Specialist Cars was named Retailer of the Year for businesses selling under 50 cars. […]
Read More →Lookers has posted a positive trading update but has further delayed its full-year 2019 and H1 2020 results until November. According to Sky News, banks backing Lookers have appointed financial advisors to help with talks about the group’s £250 million revolving credit facility. Lookers’ trading update revealed they saw a 13.6% lift in new and […]
Read More →Eight members of staff at franchised dealers Evans Halshaw Vauxhall Wakefield have tested positive for Covid-19 and are now self-isolating. Public Health England is now working with the retailer, which remains open, and MD Gary Armstrong said the business had been fully inspected by the local authority. Anyone considered to be a contact will be alerted by […]
Read More →Michael Scott, Franchise Director for Lookers Renault has said the £3m investment rebuilding the Stockport dealership is a positive sign. This is despite the current challenging economic landscape. Scott praised the local team for its resilience during the rebuild effort. The Stockport franchise dealership reopened following a fire which devastated the site last September. During […]
Read More →Franchise retail groups, Glyn Hopkin and Eastern Western both report pre-tax profits up for the year ended 31 December 2019. Glyn Hopkin has reported a £3.1m profit before tax as turnover increased 5.7% to £453m. The directors said this was particularly impressive given lower supply from its major manufacturer partners Nissan and FCA. This was […]
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