Thursday, January 17, 2008
Pendragon tight-lipped over BMW review
Pendragon is believed to be losing all or some of its 11 Stratstone BMW/Mini dealerships. A BMW dealer said: “The manufacturer is carrying out a review throughout the network, and we hear that Trevor Finn is out of favour. It looks as though Pendragon’s boss has more bad news to contend with.”
A BMW UK spokeswoman confirms the manufacturer is conducting an appraisal of all 151 BMW/Mini retail points. “Until that is completed, we are saying nothing more,” she added.
Following the introduction of the 2002 Block Exemption regulation, BMW chose to award its UK dealers five-year contracts. The company said that was fair, given the investment required.
In October, BMW will award new contracts.
Their time length has not been revealed, but it might opt for more traditional two-year rolling contracts.
DATED: 17.01.08
FEED: AM
A BMW UK spokeswoman confirms the manufacturer is conducting an appraisal of all 151 BMW/Mini retail points. “Until that is completed, we are saying nothing more,” she added.
Following the introduction of the 2002 Block Exemption regulation, BMW chose to award its UK dealers five-year contracts. The company said that was fair, given the investment required.
In October, BMW will award new contracts.
Their time length has not been revealed, but it might opt for more traditional two-year rolling contracts.
DATED: 17.01.08
FEED: AM
