Foray Motor Group has turned a £279k 2020 loss before tax into a £2.2m profit for the year ended December 2021. The Wiltshire-based Ford specialist saw turnover rise almost 26% to £163.8m, which it attributed to new click and collect processes enabling it to trade during Covid closures. The company made use of the Coronavirus […]
Read More →MG Motor UK has further strengthened its growing dealer network by opening four new sites across the country in the past month. The new appointments follow another set of stellar sales results for the nation’s fastest-growing mainstream car brand. A record-breaking 2021 and more than 13,838 units registered in the first quarter of 2022, give […]
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 […]
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