He joined Pendragon following a 20 year career with Jardine Matheson Group. Video Mark Herbert’s background was in selling new cars but the board wanted to focus on used cars. See more top suppliers: Motor Trader , emap, Southern House, 10th Floor, Wellesley Grove, Croydon, Surrey CR0 1XG It said this would now be postponed until its new CEO comes on board. in Editor's Choice, Latest News

Pendragon’s share price, which has dropped by a third in the past year, fell 5.5 per cent on Thursday. Please, The car dealer, which owns Stratstone and Evans Halshaw, has been struggling with borrowing costs and uncertainty among motorists about the future, Listen to Times Radio for the latest well-informed debate, expert analysis and breaking news. Under Trevor Finn Pendragon had devised a strategy of investing in its Carstore used car business, disposing of dealer assets in the US, taking a close look at its premium brands and developing its highly profitable Pinewood DMS business. Mark Herbert, the boss of Pendragon, has quit after less than three months (Pendragon / PA) Independent retail analysts, Nick Bubb, added of Mr Herbert: “He is evidently fed up with the mess.” Available for everyone, funded by readers, Demand for electric vehicles rises but sales of traditional cars fall despite new number plate, Ailing car dealership chain will also make £15m adjustment linked to 2019 figures, FCA says it will ban commission for brokers linked to interest rate paid by driver, Collapse in diesel sales and low consumer confidence add to tough trading conditions.

PENDRAGON has announced that Mark Herbert will replace Trevor Finn as CEO on March 4. Herbert had suggested there was a route back to profitability for the business, however. Case Study In order to support dealers’ digital retailing efforts, RAPID RTC has expedited the global launch ... Traka Automotive, which boasts the UK’s most advanced networked key management solution for car dealers, ... “Too many dealers are underplaying the importance of a quality used car warranty to gain ... Are you seeing growth in online motor finance compared to before the lockdown? Tap ‘Menu’ and then ‘Times Radio’ to listen to the latest well-informed debate, expert analysis and breaking news. Pendragon has now begun the process of recruiting and appointing a new CEO. Money back guarantees key to boosting online car sales, says What Car? Mark Herbert is the groups Chief Executive Officer. It added: “Until such an appointment is concluded, executive directors Martin Casha, chief operating officer, and Mark Willis, chief financial officer, will lead the business on a day-to-day basis, reporting to Chris Chambers, the chairman.”. Tagged with: Car Store evans halshaw pendragon Trevor Finn, Lockdown hits Pendragon in H1, July and August in profit, Pendragon delays publishing of interim results, Pendragon agrees to disposal of trade and assets of California dealership, Pendragon to make 1,800 staff redundant and close 15 dealerships, Pendragon launches “Powered by Pendragon” branding.

“In the short-term, there is a need for a refocus of strategy and execution in Car Store but I believe this, together with Pinewood, to be significant long-term market opportunities that we should be pursuing with vigour.”. June 27 (Reuters) - Pendragon Plc’s Chief Executive Mark Herbert is leaving the car dealership after only three months in charge during which the company warned it would make a loss this year. Mr Herbert, whose background was in new car sales, joined in March, replacing Mr Finn. Pendragon has appointed Mark Herbert as chief executive officer designate, and will assume the role of chief executive officer and join the board on 01 April 2019. The decline in profits has chiefly come from the Car Store branch, which is expected to incur losses of £25m in 2019, up from an £11.9m deficit in 2018. Is this the end of Pendragon ? Nottingham, NG15 0DR United Kingdom. See Mark Herbert's compensation, career history, education, & memberships. Most recently, he had been running several retail operations for Jardine Matheson in Singapore and Cambodia. A multi-award-winning news journalist, Tom is news and features editor for Bauer Media’s AM brand. Pendragon held £458m worth of used car stock at the end of 2018, compared to £372m a year earlier.

As previously announced on 14 December 2018, Trevor Finn will retire from Pendragon on 31 March 2019.

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