Mike Jones @mikejonesauto

Automotive retail, future mobility and Autotech specialist, former Chairman ASE plc, Non Executive Director, Executive Coach Joined March 2011

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Auto Retail Network @AutoRetail

a year ago

If you missed the latest #ARNLive featuring Nathan Tomlinson from Devonshire Motors, Craig Petty from Hatfields and John Hogan, @realworlddata, you can catch up with it again here: bit.ly/3wVYubB and if you liked what you saw do feel free to share the link.

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Auto Retail Network @AutoRetail

a year ago

Less than an hour until #ARNLive Business Booster, with Real World Analytics. Join Devonshire Motors’ Nathan Tomlinson, Hatfields’ Craig Petty and Real World Analytics’ John Hogan to discuss the state of the market. There's still time to sign up: tinyurl.com/yz28rj8f

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Mike Jones @mikejonesauto

2 years ago

Looking forward to a fun day at #move2023 unicorn spotting and finding out where the next innovations are coming from lnkd.in/dHRnK-eP

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Mike Jones @mikejonesauto

2 years ago

Less than an hour to go until I'm hosting the Auto Retail Network webinar on used cars - it's going to be fascinating given the current state of the market, with a great line-up of guests #ARNLive lnkd.in/ej2R7iEe

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Mike Jones @mikejonesauto

3 years ago

“Would you buy a used car from this burst bubble?” lnkd.in/e5euQDGu

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Mike Jones @mikejonesauto

3 years ago

Cazoo continues the process of slimming down to pure used car retailing with the sale of Cazana, one of the acquisitions which did actually make sense to me. Undisclosed buyer -the sale should bring them a couple of months additional cash headroom at leas lnkd.in/e_BrSsv4

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Mike Jones @mikejonesauto

3 years ago

Hedin not going ahead with the Pendragon acquisition due to “the challenging market conditions and uncertain economic outlook”. Reserves the right to come back if an agreement reached with the board or a 3rd party offer received lnkd.in/e7PmPsjX

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Mike Jones @mikejonesauto

3 years ago

Vertu announcement of the acquisition of the remainder of Helton Garages for £117m. Adds Ferrari and Volvo to the existing portfolio at 6.8x the EBITDA of the acquired dealerships lnkd.in/etQ4AxA7

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Mike Jones @mikejonesauto

3 years ago

Helston Garages being split and sold to Vertu, Yeomans and Rybrook according to @Tristan_Young. Overall acquisition not a surprise given the desire of Vertu to grow and the lack of succession at Helston, but fascinating that the VW…lnkd.in/gsZKdJJH lnkd.in/gWQ5YGa2

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Mike Jones @mikejonesauto

3 years ago

Was always a matter of when rather than if, but timing less than ideal and counterintuitive to the green agenda. Many e they think they can get away with it given it is currently supply rather than demand constraining sales. lnkd.in/e8Rj3NPs

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Mike Jones @mikejonesauto

3 years ago

Pendragon takeover by “a large international corporate” at 29p per share blocked by one of the company’s five largest shareholders who Pendragon was “unable to engage with.” Blocked by Hedin or one of the other large shareholders? lnkd.in/dfQfV7a7

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Mike Jones @mikejonesauto

3 years ago

Vertu continues the growth of it’s e-commerce parts business with the acquisition of Wiper Blades Limited lnkd.in/eCgSCUTx

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Mike Jones @mikejonesauto

3 years ago

Cazoo announces "business realignment plan" cutting current and planned expenditure. Looks like a pure cash preservation plan, looking to reduce costs and increase profits with "cash conservation top of mind for the company, ahead…lnkd.in/e-Z2WPb4 lnkd.in/eWhRXWyZ

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Mike Jones @mikejonesauto

3 years ago

Record profitability from Vertu in the year to February 22, with adjusted profit before tax up to £80.7m (2.2% on sales). Strong performance, particularly in used cars where gross profit was up £60m year-on-year (up £38m on 2019/20…lnkd.in/dFHjFcsM lnkd.in/dHNvAK_R

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Mike Jones @mikejonesauto

3 years ago

Strong q1 trading update from Pendragon. LFL operating profit up 39.5%, with strong growth in new gross margin. Used margins up 61% on prior year but down on the levels achieved in H2 2021. I expect this picture to be replicated ac…lnkd.in/daBR7WZs lnkd.in/dkeWfrmh

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Mike Jones @mikejonesauto

4 years ago

Strong set of annual results from Pendragon. Underlying PBT up to £83m. Big reductions in operating expenses compared to pre-pandemic (down £121m compared to GP reduction of £31m) and big increases in car margins with new GP up 32%…lnkd.in/et2cpPJC lnkd.in/eBvA7Nmg

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Mike Jones @mikejonesauto

4 years ago

Further profit upgrade for Vertu, with their year to February now expected to generate adjusted profit of not less than £75m, up from previous guidance of £70m, initial guidance of £24m to £28m and prior year result of £25m. Strong…lnkd.in/eT2n6ryv lnkd.in/e69pyyKv

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Mike Jones @mikejonesauto

4 years ago

Motor retail’s record profits for 2021 hit the headlines, albeit under a negative headline demanding the repayment of all 2020 and 2021 Covid support before any dividends paid. No credit for the companies who stopped taking support…lnkd.in/exKvZDuT lnkd.in/e2kbKFq9

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Mike Jones @mikejonesauto

4 years ago

Delighted to have received my Carbon Literacy certification today. A great course on a vital subject and one which dovetails perfectly with the work I've been doing with Interpath helping motor retailers with their ESG quantification and improvements. As…lnkd.in/eGqThibZ

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Mike Jones @mikejonesauto

4 years ago

Constellation has bought Tony Bramall’s shareholding in Lookers, now owning just under 20%. A further investment in an undervalued sector or the first step in a consolidation play with Marshalls? Constellation are certainly making waves in auto retail. lnkd.in/eP8FDebS