Lex Service: bumpy ride for dealers

Article Abstract:

Lex Service is a UK automobile dealer with some 100 retail outlets selling the main brands of vehicles. The company also has an exclusive agreement with Hyundai to import vehicles. Lex has diversified away from selling cars due to problems faced by car dealers in the UK, and also leases trucks. The company has acquired Multipart, a supplier of spare parts for trucks, as part of this diversification process. The company is still likely to be affected by problems facing car dealers as a whole and profit forecasts for 1995 have been revised downward.

Lex Service PLC

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Appleyard: losing the race

Article Abstract:

Appleyard is a UK motor distributor which is likely to be affected by restructuring of car distribution in the UK. Manufacturers are focusing on dealers with strong presences in UK regions that have resources to invest in new sites. Appleyard is spread throughout the UK and has seen a drop in operating margins. The company also has a cash flow problem and needs to boost margins and alleviate its debt problem. Shareholders are not likely to be keen on providing further funds.

Appleyard Group PLC

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Car makers rate Ryland

Article Abstract:

Ryland has some 50 franchises covering most of the main brands of cars, including both volume-car suppliers and upmarket brands. Margins tend to be better for the upmarket brands, while conditions in the market for used cars have become difficult. The company's profit for full-year 1998 appear to have been downgraded to 6 million pounds sterling from 6.3 million pounds, though they have in fact changed little and include amortisation of goodwill from acquisitions.

Ryland Group Ltd.

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