News

Lookers has recorded record first half year interim results, with the dealer group seeing operating profit up 40 per cent from £18.8m to £25m.

Vertu Motors plans to sell up to £12m worth of surplus property following its rapid growth by acquisition since launching last December.

HR Owen continued its move away from non-luxury car brands by confirming that it is selling its four London area BMW dealerships.

Lookers will be selling Ford cars in Sheffield after its takeover of parts of the collapsed Dixons group.

Inchcape, the global car dealer, posted record results in the first half of the year as pre-tax profits rose 7.1 per cent to £120m.

Bristol Street Motors has opened the doors to a new £5m Ford dealership in Stoke-on-Trent.

Inchcape will not be rushed into a sale of its Jaguar and Land Rover franchises despite the uncertainty created by Ford's decision to dispose of the brands.

Lookers has been named as the best investment opportunity in Europe's automotive retail sector.

Sytner claims to have doubled margins in the struggling William Jacks dealerships it took on board last year.

Inchcape has expanded its presence in the Baltic new car market in a deal worth up to £60.5m.