While Pendragon’s search for a new chief executive continues it announced today that non-executive chairman Chris Chambers will step down from the Board on October 1 as the business makes the move to appointing an executive chairman. A multi-award-winning news journalist, Tom is news and features editor for Bauer Media’s AM brand. The group, which was hit by £117.4m after tax losses in 2019, has already cut 1,800 jobs and closed 15 car dealerships, delivering efficiency gains of £37m a year. A guest opinion, LEVC reveals UK growth plan at fully-electric VN5 van launch, HMRC clarifies CJRS furlough scheme ‘usual hours’ calculation, NFDA urges compliance with Government’s COVID-19 face coverings rules, PSA Group MD Alison Jones wins Autocar Great Women in the British Car Industry award, New 17,000sq-ft Volvo Car UK dealership agreed for Bristol, ‘Exceptionally strong’ LCV market delivers values rise at BCA, Volkswagen dealers deliver UK's first ID.3 EVs at nationwide handover event, Motor Depot offsets over 8,000 tonnes of CO2 in two months of new scheme, FCA identifies £3.7bn of consumer savings from car insurance reform plans, Has technology taken jobs out of your dealership?
Its growing presence in Scotland comes at a time when Scotland is pushing forward policies to help it drive towards its net zero CO2 emissions targets. (-5.50%). Mark Herbert went by "mutual consent" in June, less than three months after his appointment in the wake of Trevor Finn's retirement. To avoid this requirement please login. The dealer group will be launching a direct rival to the likes of Cazoo and soon-to-be-launching Carzam as it plans to ‘disrupt standalone used car’ sales. The company, which also owns the Evans Halshaw and Stratsone brands, noted a 7% fall in used car values in the second quarter of the year. Critically, our strategy is designed to equip the business to react to changing consumer patterns in the years ahead and ensuring that we are well positioned to take advantage of digital innovation. Pendragon says this used car arm will sit outside of its franchised used car business and will be designed to appeal to a wider customer base both ‘physically and digitally’.
This review confirmed that there continues to be a significant and attractive market opportunity for Car Store, however a number of short-term actions are required to improve performance, including a number of site closures.”. Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age. While Tesla already lists a Glasgow store in the Townhead area of the city on its website, its store on Edinburgh’s Multrees Walk remains its only sales location north of the border, for now. The group, which was hit by £117.4m after tax losses in 2019, has already cut 1,800 jobs and closed 15 car dealerships, delivering efficiency gains of £37m a year. Throughout my years in the automotive industry I have seen, and responded to, major shifts in consumer habits and market dynamics. Previous Years. Car Dealer Top 100 naming top retailers by profit will reveal some fascinating results believes expert, Mike Brewer chats about Car Dealer Used Car Awards being held digitally for 2020 as physical event postponed, We get inside line on new used car sales website Carzam from Big Motoring world boss Peter Waddell. leading automotive retailer. Pendragon says a review of its Car Store operations found it was valued, though some sites were unlikely to ever be profitable.
‘I am confident we can unlock the full potential of Pendragon by delivering targeted improvements to our people, our systems and our operations.’. Speaking exclusively to Car Dealer Magazine after a new strategy was unveiled to investors yesterday, the American boss said a new name was vital to the success of the group’s used car business.