Tag Archives: Hedin Mobility

Hedin Mobility took a hit in the first quarter largely n the back of reduced operational earnings as margins fell in used EVs. It said some European counties had dropped EV subsidies and carmakers had responded with price cuts, leading to reduced margins in the used car market. The company turned a loss of SEK231m (-£17m) in the three months ...

Hedin Mobility continued its expansion in the first half delivering reduced net profits of MSEK 552 (£39.7m) (H1 2022: MSEK 1,023) on turnover up 70% to MSEK 37,704 (22,190). The Swedish company has been expanding in the UK. The acquisition of four dealerships in South London from Mercedes-Benz Retail Group UK was completed in April. The deal comprised dealerships in ...

Hedin Mobility, the Swedish dealer group which has tabled a bid for Pendragon, has entered into an agreement to acquire four dealerships in South London from Mercedes-Benz Retail Group UK. The acquisition marks Hedin Mobility Group’s first fully owned operation in the UK – Europe’s second largest car market in terms of registered passenger cars. The dealerships, which collectively employ ...