Editor’s Choice

JCT600 has once again been recognised by being the only European retailer to win one of the annual World Dealer Awards from Rolls-Royce Motor Cars. Covering a range of categories related to business performance, brand communications and customer service, the awards celebrated the success of JCT600’s Rolls-Royce Motor Cars Leeds in championing the marque’s exclusive owners-only service, Whispers. The winning ...

Daksh Gupta said this morning the time was right to look at new opportunities as his exit from Marshall was announced on the London Stock Exchange. On LinkedIn he said he was opened minded about the future shape his career could take. “I wanted to share with everyone the news that I’ve agreed with the Board to step down from ...

Ineos Automotive has now appointed160 sales and service points worldwide. It has opened its order books for the Grenadier 4X4 and launched its full online configurator. Customers with an existing reservation in all launch markets across Europe, Sub-Sahara Africa, the Middle East, Australia and New Zealand can go online, complete their Grenadier configuration and formally place their order. The Grenadier was ...

Perrys Group turned in what it described as an ‘outstanding performance’ in 2021 with pre-tax profits more than trebling to £11.9m on turnover up 22% to £599.8m. During the year, the group expanded, taking on Mazda in Dover, MG in Aylesbury and Peugeot in Huddersfield and Bury. It also opening a new Cupra showroom in Bolton. Last year it set ...

Marshall Motor Holdings has opened a new three-storey Audi Centre containing a nine car showroom and 17 bay workshop facility in Beckenham after £7.2m investment. Audi South East London on Chaffinch Business Park, Beckenham will provide the capacity to meet with projected growth in Audi sales, including electrification. Daksh Gupta, chief executive said: “The relocation of our existing Audi Centres ...

Vertu Motors has purchased 336,324 ordinary shares as part of the buyback programme. They were purchased at around 50p per share. Vertu CEO Robert Forrester also purchased 39,297, taking his total share to 7,483,478 resulting in a 2.09% share in the company. The Group recently reported record trading results with an adjusted profit before tax of £80.7m (FY21: £24.6m, FY20: £23.0m), on ...

Constellation Automotive Group has been given approval from the Financial Conduct Authority (FCA) to complete its acquisition of Marshall Motor Holdings. In December 2021 the Board of Marshall recommended that Constellation’s offer be accepted. Constellation made the offer of 400 pence per share on 29 November 2021. At that time the Board placed significant emphasis on the wider responsibilities of ownership ...

Waylands Automotive turned in a strong performance in 2021 with pre-tax profits up 115.1% to £2.7m on turnover ahead 39.9% to £124.6m. On a like for like basis profits rose 78.1% to £2.2m The group now represents Volvo, Kia and MG brands from dealerships in Reading, Newbury, Swindon, Oxford and Bristol. In February last year the group completed the acquisition ...

Big Motoring World has opened a new showroom in the Fengate area of Peterborough. The Peterborough Fengate showroom and premises were acquired in October 2021 and had remained closed while undergoing a £4m renovation. Big Motoring World’s footprint has now expanded to five used car retail outlets. Peterborough Fengate dealer principal, Adam Hanif, was joined by Big Motoring World chief ...

The National Franchised Dealers Association (NFDA) is highlighting the risks posed by agency models in talks with the European Commission and the UK-based Competition & Markets Authority (CMA). The CMA is consulting on the agency model and the NFDA is arguing the case for franchised dealers. “The NFDA continues to work closely with its franchised dealer members, specialist legal advisers, ...