Lookers chief executive Andy Bruce faced a shareholders’ revolt this week with nearly one third voting against the group’s remuneration policy at its AGM. The backlash came partly in protest...

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AUDI TO START ONLINE SALES SHAREHOLDERS PROTEST OVER LOOKERS-BOARD PAY POLICY TOYOTA SCRAPS SCRAPPAGE SALES SALES AND PROFITS UP AT VT HOLDINGS TRUMP’S TARIFFS HIT GERMAN CAR MAKERS CHINA TO SEE...

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A few days ago a third of shareholders at Lookers’ AGM went against the remuneration package earlier recommended by the board, presumably in protest at the near 20% pay rise given to chief executive...

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  DIRECTORS CHANGE AT NORTON WAY AND RRG VOLVO OFFERS BREXIT PRICE PROMISE SYTNER COMPLETES SUPERCAR DEVELOPMENTS RETAILERS BUOYED BY SALES INCREASE CHINESE EV START-UP PREFERS LEASE MODEL TO...

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Full year results for 2018 for those listed dealers with December year ends (Pendragon, Lookers and Marshall Motor Holdings), displayed several common market themes that have influenced each of the...

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A busy March saw a number of retailers reporting their results, turning in some very different performances in a more difficult market. First came Vertu with its preliminary results to 31 January...

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NEW EMISSIONS STANDARDS TROUBLING DVLA VW TRIALS CAR SUBSCRIPTION SERVICE JLR REBRANDS DAILY RENTAL SERVICE LOOKERS SAYS AWARD JUSTIFIES £7 MILLION INVESTMENT FORD STARTS AXING LOSS-MAKING MODELS...

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Profits up at Marshall Underlying pre-tax profits at Marshall Motor Holdings were up 1.2% in 2018 to £25.7 million, with like-for-like revenue also up 1.2% at £2.13 billion against £2.11bn in 2017....

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Pendragon has been in the news of late. Last month saw a number of substantial bids for the retailer, and this month comes news of the appointment of a new CEO from 4 March, Mark Herbert, who takes...

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Auto Retail Agenda believes that Rybrook is in talks with Stratstone to buy one of its JLR sites which will need new premises. Sources say the deal for the Stoke-on-Trent retailer has been in the...

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  FCA MOVED TO PROTECT LOW-INCOME BUYERS RYBROOK TO BUY STRATSTONE JLR RETAILER? £23 MILLION SCRAPPAGE SCHEME OPENS FOR LONDON LCVs LOOKERS `TOP EMPLOYER’ FOR THIRD YEAR RUNNING WORLD NEWS –...

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  SERVICE PLANS DOUBLE CUSTOMER RETENTION, SAYS KIA PROFITS STEADY AT AUTO RETAIL GROUP EVANS HALSHAW OPENS FOUR VAUXHALL VAN CENTRES SWANSWAY AND MG CONFIRMED FOR AUTO RETAIL Q1 BRIEFING...

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November saw Lookers making a trading update for the nine months to 30 September which, considering the state of the market, the company is pleased with. Lookers said that a third of its gross profit...

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As the SMMT noted in August UK new car sales stabilised, rising 1.2% on the same period in 2017 with 163,898 new vehicles registered in the month. Interestingly, the SMMT reported the “used car...

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Lookers has revealed a drop in adjusted operating profit of 9% as it announced half-year financial results to the end of June 2018. The group said adjusted operating profit for the period was £52.8m...

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I doubt I was the only one tuning into the Auto Retail Network Q3 webcast earlier this week who found the message coming from the sharp end of the business quietly reassuring. Between them Andy Bruce,...

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  PLATTS STOKE SOLD TO CAR SUPERMARKET WESTOVER OPERATING ABOVE INDUSTRY AVERAGE LISTERS REPORTS PROFIT DROP MITSUBISHI STRENGTHENS RETAILER TRAINING TEAM MOTORPOINT SITE GETS ‘BEST EMPLOYER’...

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ROCKAR PROMISES PROFITABILITY IN 2018 PEUGEOT TASK FORCE TO SOLVE WLTP SUPPLY ISSUES MITSUBISHI OPENS FIRST DIRECT SALES STORE STARTIN GROUP BUYS ITS FIRST SUZUKI FRANCHISE RECORD PERFORMACE SHOULD...

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For months the news for the UK’s automotive retail sector has been grim. Where the continent has been growing new car sales by double digits, the UK has been falling by the same amount. The SMMT’s...

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The Government has lofty ambitions for the number of apprentices it wants to see going into the UK workforce, with a target of three million by 2020. On a relative basis, though, Lookers is arguably...

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