Auto retailer Lookers is to sell its parts business to Alliance Automotive for £120 million. Alliance Automotive is part of the larger European distributor Alliance Automotive Group, and has been operating in the UK since 1997, more recently under the Group Auto UK brand. Although still subject to shareholder approval, the deal is likely to […]
Read More →Auto retailer Cambria Automobiles has posted a positive first half year results, with the company recording improvements across new and used car sales plus aftersales activities. For the half year to 29 February, the company’s pre-tax profits increased by 40.1 percent to £4.6 million on turnover of £278.4 million – itself up 14.7 percent. New […]
Read More →Derbyshire-based auto retailer Pentagon has announced a four percent rise in pre-tax profits to £4.2 million as turnover rose to just over £484 million – a 10 percent increase on the previous year – despite incurring losses of over £600,000 integrating two new businesses into the group during the second half of the year. The […]
Read More →Pendragon, the UK’s largest auto retail group, has seen its 2015 underlying gross profit increase 5.0% on turnover figures up 11.3% against 2014, according to the group’s year-end financial figures. Turnover hit £4.45 billion in 2015 with gross profit of £548.9 million. The underlying profit before tax was up £9.9 million (+16.4%), from £60.2 million […]
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