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Editor’s Choice

Rygor Group bought by management team

Rygor Group has been bought out by the management team, John Keogh, who was previously Rygor’s sales director and Rish Channa, previously head of truck sales at Rygor. As of Wednesday, 9 November 2022, Keogh has become Rygor’s managing director, with Channa named commercial director. Keogh said: “As you can imagine, this is an extremely exciting time for us and ...

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Stellantis to lose 138 sites by mid 2023, further investor reductions expected

Stellantis is pushing ahead with the overhaul of its UK operations with fewer partners operating more contiguous territories and a bigger emphasis on multi-franchising. By mid-2023 it will have lost 138 retail sites in the UK. It said further reductions in investors can be expected and that customer satisfaction was the driving force behind the restructuring. The group yesterday announced ...

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Used BEVs ‘slowest selling’ fuel type in September

The demand for used BEVs in the UK has declined due to the cost-of-living crisis according to the latest INDICATA Market Watch used car insights report. BEVs have moved from being the fastest-selling fuel type in August to the slowest-selling in September as the market turned to buying cheaper used petrol and diesel cars. “Whether it is the soaring energy ...

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Endeavour expands Suffolk footprint with Turners acquisition

Endeavour Automotive has added two new Hyundai businesses to its network with the acquisition of Turners in Suffolk. John Caney, Endeavour Automotive, took to LinkedIn to announce the news. He said: “Delighted to announce this morning the acquisition of two Hyundai businesses and body shop from Turners of East Anglia, expanding the group’s footprint into Suffolk. The deal taking the ...

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Marshall posts £96.2m PBT in first results since takeover

Marshall has posted an underlying profit before tax of £96.2m, up from £20.9m (31 December 2020). In the 15 months to 31 March 2022, the company saw revenue grow to £3.8bln from £1.6bln (2020),  in a period that was extended because of its takeover and de-listing from the London Stock Exchange. Marshall said that “unprecedented used vehicle value appreciation and ...

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BLOG Consistent excellence – Arnold Clark

Last week, Arnold Clark filed their financial results for calendar year 2021.  As a private company, there was no press release or media event associated with this – they were just filed with Companies House. We know that the last year or so has been remarkably good for dealers due to the combination of government support during the pandemic restrictions ...

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