Despite inflationary pressures, Endeavour Automotive turned in pre-tax profits of £5.5m on £240.7m turnover in the year to December 2022. These results are largely unchanged from profits of £5.6m on £236.4m the previous year. The directors said they were pleased with the performance, especially in light of inflationary conditions with rising energy costs and interest […]
Read More →OEMs who have moved to agency are yet to be fully tested on their skills at selling cars compared to traditional retailers. “The lessons learned are limited when supply is restricted,” said the ICDP’s Steve Young during a panel discussion at the Automotive News Europe Congress. It has been easy for OEMs such as Mercedes-Benz […]
Read More →Vertu has opened two new Hyundai franchise dealerships in the North East in the past week. One franchise takes over Vertu’s former Infiniti showroom in Silverlink, Newcastle (pictured below) and the second will operate as a satellite business in Morpeth, alongside the group’s Ford dealership. Vertu CEO, Robert Forrester, said: “The two new additions represent […]
Read More →The Ancaster Group has expanded further into south-east England after taking over the Hyundai store at the Bluewater centre. The franchised showroom will deliver a full new and used Hyundai sales and aftersales service. Ancaster are making a strategic move to boost footprint in south east England. They already boast the UK’s largest Hyundai dealership in […]
Read More →Isle of Wight retailer, Leslies Motors, is planning to open a new showroom on the outskirts of Newport. Leslies has applied for planning permission to redevelop a yard at Blackwater, formerly used by a plant hire business. The franchise has yet to be announced, but it is understood it will either be Toyota or Hyundai. […]
Read More →St Leonards Motors Group, based in South East England has bought the East Anglian family owned Dingles Motor Group. Dingles had franchises for Hyundai, Toyota, Lexus and Isuzu. Companies House records show Dingles posted a pre-tax loss in both 2014 and 2015 of £270,000 and £455,000 respectively. Turnover for 2014 was £35.2 million and £36.4m […]
Read More →Holdcroft Motor Group has bought ALM Garages in Macclesfield. The acquisition gives Holdcroft their fifth Hyundai dealership, others being in Crewe, Hanley, Stafford and Ellesmere Port. Holdcroft’s Managing Director, Darren Holdcroft said: “Macclesfield is a region where we have wanted to operate for some time. “Macclesfield is a great market and I feel that ALM will complement our […]
Read More →Endeavour Automotive has unveiled plans for a new flagship Hyundai dealership in North London. The retailer will enhance its customer offer in line with growing demand for Hyundai vehicles. They plan 47 cars displayed over two floors. This will make Hyundai North London a destination for thousands of Hyundai buyers. Hyundai sales outpaced the market in […]
Read More →Auto retailer Evans Halshaw has moved to acquire the Lookers-owned Hyundai retailer in Newcastle upon Tyne. Part of Pendragon, Evans Halshaw will operate the Scotswood Road-based business as Hyundai Newcastle, and it joins another recent Hyundai franchise acquisition, Hyundai Leeds, plus sites in Harrogate and Gateshead. The existing Newcastle upon Tyne staff will be retained […]
Read More →Online and shopping centre-based auto retailer Rockar has announced plans to expand its operations. Until now, the business founded by Simon Dixon has concentrated on its two Hyundai franchises located in shopping centres in Bluewater, Kent and Westfield Stratford, East London. September sees the retailer move into the premium market with Jaguar Land Rover. First […]
Read More →