Mike Allen has been recruited by Cambria Investment Holdings Ltd to lead its new investment company, Cambria Private Capital. The company launches with an initial fund of £10m. It will make...

MIKE ALLEN TO LEAD NEW CAMBRIA INVESTMENT COMPANY STEER AUTOMOTIVE GROUP GEARS UP FOR SALE EV NOT TO BLAME FOR INCHCAPE RETAILER FIRE UK AUTOMOTIVE HIRING ACTIVITY DOWN ROSSITERS SPLITS FROM AC...

The UK automotive retail sector showed exceptional resilience and flexibility in the pandemic, followed by very strong trading in 2021. But continuing supply constraints, the headwinds of macro...

CarMax is a US used car dealer business I have admired for some time. The share price chart speaks for itself having listed in 1997 for $10.25 and at the time of writing stands at $127.01, a 1139.1%...

Dealer groups have shown a great deal of resilience and flexibility throughout the Covid-19 pandemic, and they can be expected to continue to adapt and work closely with OEMs as the industry evolves....

The release of Cambria’s results for the first half of 2021, combined with trading updates from Inchcape and Lookers, and results from Pendragon, highlight just how well the established car retail...

The coronavirus pandemic has greatly impacted the nation and affected the way we live, eat and shop. Consumers are looking for alternative options throughout their daily life, creating a culture of...

It’s been a fortnight now since the enforced COVID19 restrictions came into force and we don’t need to tell you about the issues everyone is facing at the moment, but we wanted to outline some...

A busy month of reporting and announcements kicked of in February with Inchcape, with a note on the departure of group CEO Stefan Bomhard who is leaving at the end of June to become CEO of Imperial...

With the backdrop of the election having been and gone, and the UK finally leaving the European Union – some 10 months late, it appears that the country is in good spirits. As reported on the...

A 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...

The year is almost done and the annualised sales data for new vehicles hasn’t been great for either the UK or Europe. For the UK, the SMMT noted that September’s new car registrations were up 1.3%...

We’re in the midst of turbulent times. Westminster, the economy, international relations, corporate failures – all are in a state of flux and it’s affecting retailers with wildly differing...

The consumer has proven to be relatively robust to date and a number of listed dealers have reported positive earnings trends in recent months. Clearly challenges remain: the resignation of Theresa...

Full year results for 2018 for those listed dealers with December year ends (Pendragon, Lookers and Marshall Motor Holdings), displayed several common market themes that have influenced each of the...

Pendragon has been in the news of late. Last month saw a number of substantial bids for the retailer, and this month comes news of the appointment of a new CEO from 4 March, Mark Herbert, who takes...

At the end of the first week in December, Mike Allen, a market analyst for Zeus Capital, published a note analysing the results for Inchcape while offering a view on its future. He commented:...

November saw Lookers making a trading update for the nine months to 30 September which, considering the state of the market, the company is pleased with. Lookers said that a third of its gross profit...

A disorderly no-deal Brexit could see the value of sterling dropping below the euro and the UK economy descending into chaos, according to Zeus Capital analyst Mike Allen, who added: “I don’t...

Record new car registrations in the first quarter may have been good for auto retail group profits but they seem to have had little effect on investor confidence in the sector. Performance in core UK...