Cambria CEO Mark Lavery has put in place a number of initiatives and ideas to aid in the recruitment and retention of technicians. “Recruitment is only going to become more competitive,” he says....
Read moreThe automotive industry going through what has been described as a once-in-a-century change in transition to electrification, plus the headwinds the sector faces right now, all off the back of Brexit,...
Read moreCambria’s finance director James Mullins is understood to have left the business and is currently on gardening leave. Companies House has recorded Mr Mullins as no longer being a director of Cambria...
Read moreStock market listed retail group Cambria has recommended shareholders accept CEO Mark Lavery’s buy-out offer of 80p a share to take the company private. The offer values Cambria at £80 million,...
Read moreIn a busy Month, Cambria was first to report, presenting its unaudited interim results at the start of May for the six months to the end of February 2021. In summary, while revenue fell by 16% to...
Read moreCambria has reported a rise in underlying profit for the first six months of its financial year to 28 February 2021, but has warned that alongside Covid-19 headwinds the global chip shortage was...
Read moreWith the new car market having found a small sweet spot of pent-up demand, the SMMT has raised its forecast for the year to 1.86 million units by the end of the year, up 13.9% on the end of the year....
Read moreCambria’s management team, including CEO Mark Lavery, finance director James Mullins and managing director Tim Duckers, is exploring the possibility of offering 80p a share for the business to take...
Read moreA new report on the future of automotive sales has concluded that the sector is at a tipping point, and should accelerate towards an agency style of retail. Describing the situation as a tipping...
Read moreThere are growing concerns within the industry that if the current lockdown across the UK continues into March there will be a marked impact on 2021. Even as the Covid vaccines are being rolled out,...
Read moreThe Covid-19 crisis has accelerated what Cambria CEO Mark Lavery describes as a generational change in automotive retail, but he doesn’t believe that the move to an agency model is inevitable. “I...
Read moreWith the Government having set a deadline of 2030 to end the sale of cars with an internal combustion engine, commentators and industry professionals are questioning whether this is achievable or even...
Read moreCambria Automobiles CEO Mark Lavery has called for a more balanced approach ahead of the proposed ban on the sale of internal combustion engine vehicles, saying: “A move to exclusively BEV will not...
Read moreA quarter to a third of automotive retail networks will not see their way through the current crisis, either disappearing completely or being taken over. This is the view of Cambria CEO Mark Lavery,...
Read moreCambria Automobiles CEO Mark Lavery has been announced as the keynote speaker at the Future of F&I conference being held on 2 April. The announcement comes alongside the reveal of the full speaker...
Read moreA number of retailers reported in November, with mixed sets of results. First out of the trap was Lookers on 6 November with a trading update for its Q3 ending 30 September 2019. The report started by...
Read moreThe used car market and aftersales will be critical for the automotive retail sector over the next 12 months, but even in this challenging market there are still opportunities for growth. So says Mark...
Read moreBrexit is a sea-change coming our way, and while there will be a rebalancing of economic activity, business will still be done. It’s one of the reasons why the Bank of England finally increased...
Read moreAfter a record first quarter for new car registrations, April was significantly down, prompting questions about the sustainability of the market through the rest of 2017. But retailers are confident...
Read moreAfter a record first quarter for new car registrations, April was significantly down, prompting questions about the sustainability of the market through the rest of 2017. But retailers are confident...
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