Motor Dealer 290623.Invoice Berman. CEO Pendragon at Jaguar Land Rover Mayfair.John Kirwan IV
Pinewood, the software program to seller administration techniques supplier is to rebrand its buyer going through enterprise as Pinewood.AI, whihc stands for Pinewood Automotive Intelligence.
Additionally it is getting a brand new look “that puts tech at the heart of the business.” Pinewood was a part of Pendragon earlier than automotive retail and leasing facet of the enterprise was bought to Lithia. It now payments itself as a pure-play SaaS (Software program as a Service) enterprise.
The group as we speak holding a Capital Markets Occasion for buyers wherein CEO Invoice Berman and CFO Ollie Mann and different senior leaders from throughout the enterprise will present an replace on the corporate’s technique.
Pinewood announce that it’s elevating its steering for underlying EBITDA in FY27 to £30m from £27m.
Invoice Berman, CEO of Pinewood Applied sciences Group, (pictured) mentioned: “We now have largely accomplished the rollout of our merchandise to the UK websites of our strategic companion Lithia and earlier this week we have been awarded a contract with Marshalls, additional strengthening our place within the UK.
In the meantime, our strategic partnership with Lithia supplies entry to the extraordinarily profitable North American market and we stay heading in the right direction to start piloting our system in quite a lot of Lithia shops within the second half of 2025, earlier than the total North American system rollout begins throughout 2026.
