Suzuki UK and Ireland director Dale Wyatt has revealed retailers recorded record net profits in the first half of 2023, with average return on sales improving to 2.6%. The average solus Suzuki retailer has a 3.3% return on sales – and the upper quartile are enjoying a 5.4% return. Average net profit is up 50% […]
Read More →A new report from Auto Retail Network will be discussed by industry experts next month. The report examines the significant changes manufacturers and consumers are set to undergo with rising online communications and the switch to agency. A webinar on 12 July, in partnership with CitNOW Group will outline what it means for the industry. […]
Read More →Read Motor Group has opened an eighth dealership as their turnover accelerates beyond the £100 million milestone. The Grimsby-based franchised dealer group opened the new 12-car showroom on Altyre Way. In July 2021 Read opened their first Stellantis new car franchises, also on Altyre Way, with the acquisition of the Beechdale Motor Group. Adding MG into the […]
Read More →Derbyshire’s Ron Brooks Group has reported a pre-tax profit record of £1.24m for the year ended June 2021. This is up 69% on 2020, on turnover of £34.2m and represents a 3.6% return on sales. The franchised dealer group stresses it has no debt and £5m in cash reserves. They state they are “well positioned […]
Read More →Richmond Motor Group has acquired Hendy Group’s Suzuki GB franchised car dealership in Havant. The dealership was officially taken over by Richmond Group on 1 April. The site, know as Richmond Suzuki Portsmouth, joins the group’s two other Suzuki franchises in Fareham and Botley near Southampton. It also represents a further growth of Richmond’s Suzuki […]
Read More →Stoneacre have taken over Hodgson Motor Group. The multi award winning dealership group represented Toyota, Mazda and Suzuki. Their five showrooms are located in Newcastle and Gateshead and offer an impressive range of new, nearly new and approved used cars for personal or business use. The groups turnover last year was £76.8m which was a 15% […]
Read More →Lipscomb Volvo Canterbury has opened, three months later than originally planned. The £5m year-long development involved constructing a new junction on the A28 and an upgraded electric mains connection. “We had to jump through countless hoops with the city council and Kent Highways” said MD Peter Barnes. Boasting a bigger car showroom and workshop, the new […]
Read More →Suzuki GB has appointed family owned, franchised dealer group, Stan Palmer to represent the brand in Carlisle. The dealership features a refurbished, six-car showroom, 70 approved used vehicles and an eight-bay workshop. It will serve motorists in a catchment area taking in Carlisle and the surrounding towns of Penrith, Wigton and Brampton. Dealer principal Neil […]
Read More →Suzuki GB PLC has announced the opening of Startin Suzuki Redditch, bringing its UK dealer network count to 159 locations. It is the Startin Group’s second Midlands based Suzuki franchise; the first being the Worcester showroom which opened last summer. Startin’s Coventry Highway site has been re-designed and modernised offering a relaxed and welcoming environment […]
Read More →Suzuki GB PLC has expanded its nationwide retail network with the appointment of Greg Mitchell Motors in County Tyrone. This brings their total number of dealerships in Northern Ireland to seven, and to 157 locations across the UK. The independent car retailer has enlarged & modernised its Strathbane site to create a state-of-the-art 12-car showroom. […]
Read More →