Dick Lovett could create 100 jobs in Newport if plans for a new Porsche centre are approved. The “strategically accessible” site near to J28 of the M4 has been the subject of several other planning applications over the past 25 years. It currently lies vacant. The franchised retail group already has Porsche Centre Cardiff, but […]

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Robert Forrester CEO of Vertu Motors says the franchised retail group is selling more than 2,000 retail cars a week through click and collect. This is happening without anyone visiting a showroom prior to sale. “Our tech and trained sales teams are doing a job unimaginable this time last year”.  The retailer has also launched free […]

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Franchised retail group Lookers is set to become the next retailer to open a Polestar store. The retailer is currently advertising for staff to work in its almost completed Manchester store in the city’s Trafford Centre. The news comes in the same week Lookers announced it plans to recruit 180 new apprentices across the group and […]

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Robert Forrester, Daksh Gupta, Mike Hawes and Sue Robinson have all criticised the lockdown measures to be introduced on Thursday. The lockdown will force auto retailer showrooms to close. Mr Forrester, CEO of franchised retail group Vertu, warned that some businesses will be in the balance on the decision. “I suspect this disruption won’t end […]

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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. […]

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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 […]

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Pendragon, has confirmed it approached Lookers about a merger recently, according to a report by Sky News. Lookers rejected the approach from the leading franchised retail group because of the ongoing FCA investigation and the coronavirus crisis. The financial statement by Pendragon said: “The company confirms that it held outline discussions with Lookers suggesting they might […]

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Premium and luxury brand group Cambria was performing well before the coronavirus and lockdown struck the economy Chief executive Mark Lavery said Cambria Automobiles was planning for “return to work scenarios that can be initiated at the appropriate time”. He commented they had “sufficient liquidity to see through the challenges that the pandemic currently presents”. […]

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Welsh franchised retail group Nathaniel Cars is adding Fiat, Fiat Professional, Abarth and Jeep to its portfolio of brands. The family owned dealer group has been in business for 35 years and currently has franchises for Mitsubishi and MG.  Their association with MG has been so successful they collected a global award in China from […]

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Perrys Motor Sales has opened a new £2m Ford Car and Transit Commercial showroom in Dover. The new Ford showroom is located alongside the Perrys Vauxhall business in Whitfield, Dover. The Dover Ford dealership, created 35 new jobs, and means that Perrys now has eight franchised sites with the blue oval. The franchised retail group has […]

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