Previously owned by Hapstead – part of William Jacks plc, which was acquired by Sytner last year – the three dealerships are now trading as Doves Volvo.
A spokesman for Sytner, which has three other Volvo sites, says the dealerships did not fit into its operation strategically and were always intended to be sold.
Bin Haga, chief executive officer of Summit, says: “Volvo is a good brand. It has a loyal customer base and with its new models coming out, I’m sure we will attract a new customer base, too.”
He intends to focus on the used car business, which is a method employed throughout the Summit group.
Summit has 16 Aston Martin, Jaguar, Ford and Volvo franchises located throughout south-east England; Haga says he is “always interested” in more Premier Automotive Group and Ford sites.
“If there was an opportunity in our geographic area to expand further, I would certainly look at it,” he says.
Last year Summit closed Wandsworth Honda, which AM understands is now a vacant site. The group also sold its Lea Valley Audi site to the Hodgson Group, which took over the franchise on September 1, 2006.
As a result of the sales, Haga says the group’s total turnover will remain at around £220m. He expects the three new Volvo sites to contribute £30m.