Inchcape’s retail business in the UK and Europe which experienced a “heavily loss-making” first half of 2020 saw a 21% drop in operating profit on revenue down 25% for the full year, according...

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  CAZOO EYES £5bn IPO AUTO RETAIL IN LOCKDOWN: LISTERS TOYOTA INCHCAPE RETAIL LOSES £7.6m IS ‘NO JAB, NO JOB’ LEGAL? DVLA BALLOTS FOR STRIKE HOPES FOR EU RECOVERY STALL DETROIT RETAILERS...

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Vertu has completed the purchase of five BMW and Mini businesses from Inchcape plus one BMW Motorrad business and a used car site for a total cash consideration of £18.7 million plus £8.9m of used...

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  VERTU COMPLETES BMW PURCHASES FROM INCHCAPE PORSCHE RETAIL GROUP MARGIN GROWS TO 3.1% RETAILERS BACK AGENCY MODEL AUTO RETAIL LIVE TO SET 2021 AGENDA DCH MILLBURN IS ‘BEST US DEALER’ BARBER...

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    LOOKERS NEXT WITH POLESTAR STORE ENQUIRIES NEAR USUAL IN LOCKDOWN 2.0 DIGITAL RESERVATION TOOL LAUNCHED MANGOLETSI IN SECOND RETROSPECTIVE PLANNING APPLICATION PORSCHE RETAILER TO BECOME...

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  AVERAGE PAY FALLS, FEWER STAFF FORECAST WHAT DID RETAILERS LEARN IN THE FIRST LOCKDOWN? VERTU’S FORRESTER PRESENTS £3k WATCH TO TOP SALESPERSON CHARLES HURST’S McNAB TO RETIRE AUTO RETAIL...

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  FORAY LOSS NARROWS AUTO RETAIL LIVE URGES FOCUS ON DATA AGNEW 10% JOBS CULL FARNELL OPENS £2.4m LAND ROVER BRADFORD CROWN HONDA COLINDALE TO BECOME HOMES EU CLOSES NOx EMISSIONS LOOPHOLE...

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  MARSHALL’S NEW SENIOR APPOINTMENTS TO SUPPORT GROWTH CARWOW ‘GENERATED 7% OF AUGUST SALES’ AUGUST SALES UP IN NI, SCOTLAND, WALES INCHCAPE SWINDON THIEF JAILED GDPR MOTORING OFFENCE FEARS...

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  HEADLINE SPEAKERS WILL HELP YOU MEET 70-PLATE TARGETS WELSH SYTNER BMW MINI CLOSES STONEACRE TARGETS DISUSED LAND FOR VOLVO SITE VIDEO ‘TREBLES CONVERSION’ WORLD NEWS – US sales...

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  PENDRAGON CLOSURES DETAILED BREXIT HALVES JOHN GROSE PROFIT PSA RETAIL TURNS AROUND LOSS BURGUNDY TAKES STAKE IN VERTU WORLD NEWS – TrueCar sells RV division, PSA blasts US retailers...

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Last week was a painful one for automotive retail. Pendragon cut 1800 jobs and committed to closing 15 sites, which actually ‘only’ accounted for 400 of the job losses – hard for those involved,...

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  Stoneacre targets Hodgson Dick Lovett profit up Hepworth closes Mitsubishi showroom Motorline plans new £12m Bristol facility WORLD NEWS – Penske profit down, Cox cuts jobs STOCKWATCH –...

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  Perrys in profit, fined by HSE Boohoo buys Marshall Vauxhall Leicester site 70-plate advance registration to open Auto Trader using Looker tech Conferences return in October WORLD NEWS – Ford...

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  NO AUSTERITY BUT NO VAT RATE CUT UK ‘CHAPTER 11’ BECOMES LAW DELAY HARMS SCOTTISH RETAILERS VW LOOKS TO BUY EUROPCAR AUTO TRADER TO WORK WITH EBBON-DACS FRENCH CAR SALES RECOVER INCHCAPE...

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Analysts have responded to a report last week from Cazana suggesting a weekly average downward shift in used car prices of £162 per car. CAP HPI’s Derren Martin said it was “certainly not what...

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  LOOKERS SEEKING EXTRA INTERNAL AUDITORS PPI CLAIMS FIRMS NOW TARGETING AUTO RETAILERS USED CAR PRICES: UP OR DOWN? LIPSCOMB OPENS, ARNOLD CLARK CLOSURE? VROOM DOUBLES AFTER IPO HOLDEN AND...

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  INDUSTRY REPORTS GREEN SHOOTS £1.3bn CARGIANT LEADS AUTO RETAIL RICH LIST BLACKROCK DECREASES INCHCAPE INVESTMENT CLELAND GOES VIRAL WITH COVID-FRIENDLY HANDOVER DEMO VOLVO SUBSCRIPTION...

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Inchcape has scrapped its dividend with the Coronavirus having hit demand, and is also reporting that its board and senior management would take a 20% pay cut as part of measures to cut costs. The...

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    FCA URGES FINANCIAL REPORTS DELAY AUDITORS WARN OF ‘ACCOUNTING CHAOS’ INCHCAPE SUSPENDS £150m SHARE BUYBACK CORONAVIRUS: AUTO INDUSTRY ROUND-UP GET YOUR AUTO RETAIL AT HOME EU...

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A busy month of reporting and announcements kicked of in February with Inchcape, with a note on the departure of group CEO Stefan Bomhard who is leaving at the end of June to become CEO of Imperial...

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