Tag Archives: Peter Vardy

Peter Vardy Holdings went into the red in 2023 with combined losses of -£10.8m on turnover of £551.3m in sharp contrast to the £6.1m pre-tax profits and £590.5m turnover generated in the prior year. The combined losses include a loss of £8.1m for the Perter Vardy Group of companies and a profit of £2.7m from its Car Money broker business. ...

After reports of an onslaught of UK newcomer brands from 2023, Chinese marques are still arriving and expanding but there are crosswinds. Clarification from the Government on tariff hikes for Chinese-made electric vehicles should come soon Last year, hardly a month passed by without news of some new brand – mainly with Chinese background or backing – poised to land ...

Jamie Crowther has been appointed as COO of Peter Vardy in Scotland. It marks a return by Crowther to the dealer group based in Scotland. Crowther fills the position left vacant when James Brearley left to take up the CEO slot at Lookers. He joins from Marshall Motor Group where he worked for almost 10 years, most recently as director ...

James Brearley has been appointed managing director of Lookers Motor Group. He moves to Lookers following a year-long stint as chief operating officer with Peter Vardy. Before that he was head of Inchcape’s UK retail business. He was appointed CEO, Inchcape UK in January 2017 with the aim of implementing a five-year plan focused on overhauling the business operating structure, ...

Peter Vardy has invested in Phyron, reinforcing the appeal of the Swedish AI video company’s work in the UK car market. Phyron closed a €10 million Series B round with existing investor Vienna-based Round2 Capital has leading the round. Round2 Capital will provide an additional revenue-based financing investment as well as an equity investment as part of the company’s Series ...

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 ...

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 ...

Euan Cameron has been appointed commercial director with Peter Vardy. Cameron is responsible for all commercial aspects of the business to support the group’s retail operations. Cameron has been with Peter Vardy for nearly 17 years. He was previously marketing and stock director for six years and before that did a four-year stint as marketing manager with the dealer group. ...

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 ...

Peter Vardy kick-started the year in January with its annual Group Launch Event where it reflected on 2023 and detailed its plans for 2024. “We also celebrated our top performers in the group at our Peter Vardy Ltd Group awards, with individual colleagues and dealership winners recognised for their achievements in 2023. I am very proud of our teams who ...