Inchcape has upgraded its pre-tax profit forecast for 2021 to ‘at least £290m’, thanks to a strong quarterly performance. A trading update by Inchcape for the three months to September, shows group revenue went up by 10% to £1.9bn on the same period last year. It was, however, 2% down on pre-pandemic 2019. The update […]
Read More →JCT600 has opened a new Porsche Centre in York, joining its larger, parent Porsche Centre in Leeds. The new franchised dealership has a four car showroom and a service department with six work bays. Working with Porsche Centre Leeds, the ‘satellite’ Centre in York will enable Porsche to better serve its customers in Yorkshire. The […]
Read More →Vertu Motors has hit a record adjusted first half profit before tax figure of £51.8 million. The results come on the back of a £1.9 billion turnover. Vertu has increased its full year expectations from £50-55m to £65m. They have also re-established a dividend with a figure of 0.65p per share. The franchised dealer group […]
Read More →Marshall Motors has bought the entire Motorline group for £64.5 million. The acquisition will add 48 franchise points to Marshall’s dealer network. This includes 19 Toyota and Lexus locations – brands Marshall is understood to have been looking to add for some time. Motorline was the UK’s second largest retail partner for the Japanese manufacturer. […]
Read More →Holt SsangYong, Derby, joins the SsangYong Motors franchise this month. The new franchised dealership is on the main ring road at Alvaston and provides customers with a modern SsangYong retail experience. Holt SsangYong has over 30-years’ experience in the automotive industry and has represented various SUV and 4WD brands during this time. They have also […]
Read More →Franchised dealer group, Waylands has opened an MG dealership in Oxford. Situated on Cumnor Hill, the showroom offers sales, aftersales and used car facilities, as well as EV charging facilities. Oxford will be a fantastic market for MG. It’s one of the leading cities in the country in the adoption of EV’s through its Zero […]
Read More →Holdcroft Motor Group one of the largest franchised dealer groups in the North-West and Midlands has opened two new MG dealerships. The new sites in Cheshire and Staffordshire join the group’s existing sites at Warrington and Stoke-on-Trent. The family-run business with over 50 years in the industry, has 25 sites across the North-West and Midlands. […]
Read More →Motorpoint, the UK’s leading independent car retailer, has opened for business in Manchester. The retailer has transformed the former Mercedes garage on Ashton Old Road as part of its ongoing nationwide expansion programme. “It’s brilliant to finally be opening our doors to the public,” explained Jordan Dean, Head of Retail Operations in Manchester “and be […]
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