The Motor Trader Top 200 Franchised Dealer Groups for 2024 features in the July August print edition of Motor Trader. It shows a sector experiencing huge interest in dealer groups from foreign investors, ongoing consolidation and a market building momentum after contraction in the pandemic. At the top of the listing there has been big change in ownership. Pendragon was ...
Read More »What’s the best approach to the used car business?
Steve Young There have been a few bits of news over the recent weeks all related to the used car business, all biased towards the UK market. However, as the pressures that have driven the various actions are not specific to the UK, then I hope that readers elsewhere will bear with me, because I believe that the lessons are ...
Read More »Lithia to shut CarStores, issues redundancy notices
Lithia is shutting a number of Pendragon’s CarStores and making redundancies at the group. It will be closing nine CarStore sites and seven CarStore pods this quarter in order to focus on Evans Halshaw and Stratstone. Four CarStore sites will be retained and refranchised, expanding its retail operations with three existing OEMs, while seven remaining CarStore pods will become Evans ...
Read More »Pendragon sponsors CarStore Power Maxed Racing in BTCC
Pendragon is entering its second year as title sponsor of the PMR Team, ahead of the first race of the 2023 British Touring Car Championship (BTCC) next week. Kicking off at Donington Park with first race qualifying on Saturday 22nd April, Pendragon’s car brands, CarStore and Evans Halshaw, will be front and centre throughout the 10-race season, which sees brand ...
Read More »CarStore platform expands to list 10,000 used cars
rPendragon’s CarStore platform is now listing 10,000 cars, which it said was bigger than any of the new entrants into the market. The dealer group is continuing to look for new opportunities to expand the network, having completed the first store Chesterfield, in April. The next full scale site will open in Warrington in the second half. The group has ...
Read More »CarStore opens 10 pop-up “CarStore Direct” locations
CarStore has recently taken occupancy of 10 pop-up store locations, situated in retailer car parks up and down the country. The new CarStore proposition from Pendragon – CarStore Direct – will enable customers to obtain a fast and accurate quote for their used car in easy-to-access locations and use other CarStore services too, it said. Each store has a dedicated ...
Read More »Pendragon opens revamped CarStore centre in Chesterfield
Pendragon has opened its first revamped CarStore experience centre in Chesterfield. CarStore’s hybrid purchase model blends physical and digital locations, giving customers the freedom to buy a car the way they want. This centre is being billed as a blueprint for future CarStore developments. It has capacity for 400 vehicles. The site uses environmentally friendly LED lighting powered by solar ...
Read More »Pendragon sponsors Power Maxed Racing in BTCC
Pendragon has struck a sponsorship deal with Power Maxed Racing in the British Touring Car Championship (BTCC). The new five-year deal sees CarStore and Evans Halshaw brands featured on car and driver branding, hospitality and onsite branding. The team will now race as CarStore Power Maxed Racing within the Championship. “We were looking to align ourselves with a winning team ...
Read More »Pendragon launches new hybrid retail proposition under CarStore brand
Pendragon has today launched a, hybrid customer-centric used vehicle proposition. Under its CarStore brand, it aims to support every customer at whatever stage they are in their buying, selling or servicing journey. CarStore’s hybrid purchase model blends physical and digital locations, giving customers the freedom to approach the process in the way that works best for them. Of those surveyed, ...
Read More »Peter Vardy to double size of classic car business
Peter Vardy plans to double the number of cars in its Heritage Collection to 40 in the “immediate future”. In preparation for the expansion the group has relocated the collection to its Glasgow operation and appointed veteran Nigel Simpson to head up the operation. The £2m collection has taken space in group’s CarStore in Hillington having moved by covered transporters ...
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