Sytner saw profit before tax fall from £179.9m to £125.9m in the year ended December 2023. Revenue grew from £6.8bn to £7.4bn. The directors described the trading performance as “mixed”. Profit was down largely due the cost pressures driven by high inflation – higher interest on the group’s borrowings saw interest increase to £48m, up […]
Read More →AM100 retail group Drive Motor Retail is in high spirits after earning several prestigious awards highlighting its huge commitment to excellence. The company’s Darlington team recently took home the Stellantis Manufacture “Stellar” Accident Repair Programme Award 2024, while the Bury St Edmunds site secured the Southeast Enterprise “Best Customer Repair Partner” Award 2024. Drive Motor Retail […]
Read More →Mystery surrounds the sudden closure of Evans Halshaw Ford Northwich. It is believed the site was permanently closed on 15 October, with its last Facebook post – to advertise the new Capri – on 14 October. Ford declined to comment to The Sun and Evans Halshaw told Chester Live it was not able to comment. Evans […]
Read More →Without government incentives to stimulate retail and LCV electric vehicle demand, Ford could be forced to cut the supply of petrol and diesel cars, according to Ford managing director Lisa Brankin. Speaking to Auto Retail Agenda, Brankin said that the Vehicle Emissions Trading Scheme (VETS), that’s linked to the ZEV Mandate, was her number one […]
Read More →Stellantis chairman John Elkann has started a search for CEO Carlos Tavares’ successor. His contract runs out in early 2026. Stellantis said it was “normal to initiate a search” and it was possible Tavares could stay after that. Pressure on Tavares is increasing and Elkann is reportedly increasingly dissatisfied with the situation in North America, […]
Read More →Used car supermarket group Big Motoring World, is consolidating its two Peterborough dealerships into one site. Its north Peterborough dealership in Werrington had been its prestige brand specialist, while its Fengate dealership in the south of the city focused on mainstream cars. Both were SW Car Supermarket sites which Big Motoring World acquired in 2021. This […]
Read More →Stratstone Land Rover Stockton, on the Preston Farm Industrial Estate, is up for sale for £5,870,000. The purpose-built JLR retailers is described as an investment opportunity in a “dominant car dealership location”. The 24,780 sq ft site was constructed in 1990 and boasts 250 car spaces. It is let to Reg Vardy (Property Management) Ltd. […]
Read More →John Clark Motor Group has completed the acquisition of a dealership from Gillanders Motors. The Kia dealership will remain at its current location on the Blackhouse Industrial Estate and the full Gillanders team will transfer to John Clark Motor Group in the acquisition. The Peterhead dealership introduces the Kia brand to the AM100 group’s franchise […]
Read More →Three men involved in running a fraudulent luxury car dealership, Mansori Cars, have walked free from court after conning customers out of £720,000. The fraudulent business, which operated out of Warrington’s Birchwood Park, targeted dozens of customers by selling high-end vehicles and withholding the proceeds. Many victims only found out their cars had been sold when […]
Read More →The 2030 target for banning new ICE car sales is “a major risk” without additional support measures, says the BVRLA. What’s more, the ICE van phase out target will be “unachievable”. The Department for Transport has confirmed the government is committed to reinstate the 2030 Phase Out deadline for cars, with a consultation expected from […]
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