Lookers’ pre-tax profits for the first half of 2019 were down 39.7% on figures from the same time last year to £24.9 million against £41.3m in H1 2018. However, excluding non-underlying items...

TRADE-IN WEBSITE TOOTLE CLOSES DOWN FORMER PM TO SPEAK AT NADA EASTERN WESTERN PROFITS RISE ABOVE £10M LOOKERS OPENS NEW £10M AUDI SITE SNOWS SEES RoS GAIN TESLA TAKES 28% OF EU EV MARKET BMW BOOSTS...

Lookers’ profit downgrade this week only confirmed what we already knew; it’s tough selling new and used cars at the moment. And I wouldn’t be surprised if this was only the first such...

Lookers has downgraded its profits expectations for the first half of 2019 following a decline in the market in the second quarter of the year and expects the full year figures to be lower than...

   JARDINE SEES PROFITS FALL MCLAREN LAUNCHES USED CAR PCP AUTODATA DOUBLES SMR UPDATES PARIS BANS FIVE MILLION CARS IN HEATWAVE CAR MAKERS WARN NEXT PM OF NO-DEAL CHAOS STOCKWATCH –...

The Financial Conduct Authority (FCA) is to carry out an investigation into Lookers’s regulated financial sales processes over the past three and a half years. The auto retail group has told...

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...

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...

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...

  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...

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...

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...

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...

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....

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...

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...

  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 –...

  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...

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...

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...