MotorTrader.com and Motor Trader Magazine are published by emap, part of Metropolis International Group Ltd, Registered Office: 7th Floor, Vantage London, Great West Road, London TW8 9AG, © Motor Trader 2020 - Terms & Conditions | Privacy Policy | Sitemap. We ask dealers up and down the country, Car Dealer Live Special: On the used car supermarket shop floor dealing with the rush for second hand car sales, Big Mike: Percy the Punto is the perfect pleaser – I’ve no time for the new Corsa. Did the companies you voted for make the cut? "We made significant progress reducing this exposure in the latter period of the first-half and we remain committed to the strategy of growth in the group's used car proposition. Car Store is the used car brand of Evans Halshaw, selling quality used cars at affordable prices to suit all budgets and motoring requirements. ‘Critically, our strategy is designed to equip the business to react to changing consumer patterns in the years ahead and ensuring, in particular, that we are well positioned to take advantage of digital innovation. The showroom was closed as part of Pendragon’s cull of 22 Car Store sites last year and the AM100 retail group announced yesterday that it now plans to rebrand and reinvent the used car business in a new digitally-led form. 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 Pendragon PLC board is made up of seven members who A new name for the used car proposition will also be launched as the group rebrands the used car proposition. The statement added: ‘We believe there is a strong case for change and a significant opportunity for upside in profitability and the group is well positioned to deliver transformational performance.’. 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.
Non-executive director Bill Berman will assume, on an interim basis, the newly created role of executive chairman upon Chambers’ departure. Car dealer Pendragon is eyeing the used car market as part of a major strategic review of the business, as it seeks to become more digital-focused post-lockdown. Pendragon has a target of underlying profit before tax of £85-90m by 2025 and a target underlying profit before tax margin of 2%. Posted by: John Kirwan Pendragon reported that its franchised retail operations in the UK also delivered like-for-like revenue growth of 2.6% despite “challenging trading conditions” in both new and used cars. And following its efforts to reduce the levels of excess used car stock, after a review commissioned by former chief executive Mark Herbert identified the issue amid losses in the group’s rapidly established Car Store network, Pendragon today announced its plan to close 22 of its 34 UK-wide sites along with one of three vehicle preparation centres, in Stoke, during H2. Discover Pendragon PLC's Latest Financial Announcements and Pendragon said the pandemic has allowed it to ‘right size’ its business and cuts already made will deliver £37m worth of savings. 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. Give it a year and this Group will have been diced up and gone . 0.

Quickco is the UK’s largest multi-franchise car parts distributor, supplying over 1 million genuine and aftermarket parts, accessories and workshop consumables.

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