Renault is to introduce a new city-focused point-of-sale format called ‘rnlt’. The new stores will be a showcase for the brand. They will show off new models and the brand itself in a smaller space than traditional Renault showrooms. Renault says the new stores will “work in synergy with existing traditional-scale showrooms located on the […]
Read More →BMW reveals US retail strategy boost BMW is planning closer collaboration with its US retailers using mobile app technology and data sharing. The aim is to improve the customer experience and drive both loyalty and aftersales revenue. Service advisors will be given access to historical customer data. Data will include any negative comments made on […]
Read More →Inchcape has revealed it is to sell its UK retail division to US-owned Group 1 for £346 million. The sale is expected to complete during Q3 2024 and involves £100m being returned to Inchcape shareholders through a share buyback programme. Sales plans Inchcape revealed it was considering selling off the UK retail arm earlier this […]
Read More →Mercedes-Benz Retail Group accounts for the year ended December 2021 were published last week. They showed a profit before tax of £29.9m. However, the retail group also voluntarily restated its 2020 results, after discovering mistakes. This saw loss increased from £19.7m to £20.3m. Mercedes-Benz Retail Group CFO Tim Schoeler has officially left the business. His […]
Read More →Ian Filby is to step down as Pendragon chair after less than two years in the role. The search for a successor is now underway. Ian, a veteran Boots executive and former chief of DFS, will remain in his non-executive chairman role until a replacement is found. The directorate change was announced ahead of Pendragon’s […]
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