Lookers shareholders have approved a takeover by Canadian firm Global Auto Holdings, with 91% voting in favour. Global Auto Holdings bid 130p per share, and this was approved by Lookers at a meeting...

Off the back of strong results for 2022, and with raised expectations for 2023, Lookers has identified a number of key areas for growth for the year across the spread of activities, but with a focus...

There has been a lot of analysis and press recently around the performance of Cazoo, both in terms of its recent trading announcements and its share price performance. Since floatation the share price...

Online used car dealer Cazoo lost £549.2 million before tax during 2021, according to the firm’s annual results. Turnover for the year stood at £667.8m, up from £162.2m in 2020 when it ‘only’...

Lookers has revealed record annual results with a pre-tax profit of £90.0 million on a revenue of £4.05 billion for 2021. The results mark a 9% rise in revenue from £3.70bn in 2020 and a marked...

Three retailers reported this month and they’re all doing well. Inchcape was first with a brief Q3 trading update that noted that business was brisker than expected, with higher margins (mainly in...

Lookers reported in September with its unaudited interim results for the six months ended 30 June 2021. The key points the H1 report noted were that, despite its showrooms being closed during Q1,...

BMW and Mini retailer Vines, which operates franchises in the south of England, has reported a loss before tax of £196,082 in its annual report for the year to 31 December 2020 – a significant...

November is always a loss-making month for UK motor retailers and these challenges were exacerbated in 2020 with the announcement of an England-wide lockdown at the start of the month, adding to...

The 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...

Several listed retailers reported in May, and first off the blocks was Vertu with its final results for the year ending 28 February 2019. The numbers are interesting: profit before tax of £25.3m...

It’s been a little quiet this month for results considering the reporting frenzy in March. The first retailer to report was Motorpoint, which, in the first week of April, offered a full year trading...

A busy March saw a number of retailers reporting their results, turning in some very different performances in a more difficult market. First came Vertu with its preliminary results to 31 January...

As the motor trade sector remains hamstrung by economic and political forces beyond its control, it is vital to take every measure possible to retain customers and strive for growth. The key to this...

Three automotive retail groups announced results in October – Vertu, Marshalls, and Pendragon. Vertu’s unaudited interim results for the six months ended 31 August 2018 offered mixed results....

Vertu Motors has reported a growth in return on sales in its 2017 half-year figures despite a 14.7% drop in like-for-like new car retail volumes. The latest financial figures from Vertu show a profit...

Scottish auto retail group, Eastern Western has reported a rise in profits of almost 7% to £9.6 million in its latest results for 2016. Like-for-like new car sales grew by 3% and used car sales by...

Vertu Motors has reported a fifth year of growth to hit a new record performance for the group. The results for the year ending 28 February 2017 were ahead of analyst expectations with a turnover of...

Pendragon has seen its profit-before-tax for 2016 drop 7.6% to £73.0 million on a turnover that has increased 1.9% to £4.54 billion, in its latest full-year financials. However, the group claims the...

There has been no “significant difference in customer behaviour” in the wake of the vote to leave the EU said Lookers as it announced record half-year results to the end of June 2016. The auto...