Acquisition and disposal
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Fleet 24 OctProfit squeeze prompts dealers to 'cash-in' on leasing division disposals
Franchised car retail groups are choosing to exit the UK fleet sector as their leasing divisions attract big offers from banks and car manufacturers amid a squeeze on profits from their core retail operations.
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Acquisitions and deals 14 OctSturgess Motor Group sells Volvo Leicester dealership amid 2018 losses
Sturgess Motor Group has completed the sale of its Volvo Car UK franchise in Leicester to TMS Motor Group after revealing a pre-tax loss of £1.26 million in its 2018 annual financial results.
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Acquisitions and deals 10 OctInchcape agrees £100m sale of UK fleet solutions business to Toyota
Inchcape looks set to continue its recent round of business disposals after agreeing to sell its Inchcape Fleet Solutions (IFS) UK vehicle fleet management and funding division to Toyota for £100m.
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Acquisitions and deals 2 OctAuto Trader acquires software and data firm KeeResources
Auto Trader has bought KeeResources, one of its data suppliers, in a move it hopes will help make consumers' car buying experience better.
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Car Dealer News 16 AugPendragon agrees £17.2m California Chevrolet dealership disposal
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
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Acquisitions and deals 11 JulMotor factor group Autosupplies expands through acquisition
Rotherham motor factor Leisureways UK has been taken over by Autosupplies Group, which trades as Autosupplies (Chesterfield) and Butlers Automotive.
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Supplier News 26 Jun
BCA's board approves takeover bid from private equity firm TDR
The board of BCA Marketplace has given its backing to a takeover bid from private equity firm TDR which values the group at £1.9 billion.
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Acquisitions and deals 4 Mar
Marshall buys Skoda dealerships from Progress Group
Marshall Motor Holdings is claiming the title of the UK’s largest Skoda dealer after its takeover of Progress Group.
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Acquisitions and deals 19 Dec
Sinclair Group acquires first Land Rover outlet
The Sinclair Group has strengthened its standing as Wales’ largest franchised retailer by adding another premium brand to its portfolio.
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Acquisitions and deals 2 NovDubai investors buy majority stake in AM100 dealer group Brayleys
Dubai-based conglomerate AW Rostamani has made its first acquisition in the UK, taking a majority stake in Brayleys Motor Group, whose franchises include Honda, Kia, Mazda and Renault/Dacia.
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Car Dealer News 5 SepDrive Motor Retail to acquire three-site Vauxhall retailer Sherwoods Group
Drive Motor Retail has increased its presence with Vauxhall in the North East with the addition of three new dealership through the acquisition of Darlington-based Sherwoods Group.
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Acquisitions and deals 3 MayNow Vauxhall sites rescued out of administration by PSA's own dealer group and Eden Motor Group
Now Motor Retailing has gone into administration, however its five Vauxhall dealerships have been rescued by PSA own dealer group, Go Motor Retailing, and Eden.
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Acquisitions and deals 11 Apr
Arnold Clark expands with Citroen acquisition
Arnold Clark has bought the Alistair Fleming Citroen dealership in Kilmarnock from collapsed parent business TOM Group.
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Supplier News 15 MarThe AA acquires online car sales site VCARS
The AA has bought the used car classifieds website VCARS, four years since they formed a partnership which led to the AA Cars brand.
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Car Dealer News 7 MarStoneacre Motor Group acquires Platts Stafford multi-franchise dealership
Stoneacre made it three new acquisitions since the start of 2018 with its move for Platts Garage’s multi-franchise site in Stafford.
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Car Dealer News 2 MarVantage Motor Group acquires Charles Clark Motors' Wolverhampton Toyota and Lexus dealerships
Vantage Motor Group has acquired Charles Clark Motors’ Toyota and Lexus dealerships in Wolverhampton for an undisclosed sum – growing the group to 24 sites.
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Acquisitions and deals 1 MarGroup 1 acquires Robinson's Mercedes-Benz dealerships, confirms Darren Guiver as UK boss
Group 1 Automotive UK has acquired its first Mercedes-Benz and Smart businesses as it steadily expands its territory up the East of England.
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Car Dealer News 26 FebStoneacre Motor Group continues 2018 acquisitions with Burrows Motor Group Hyundai and Fiat deal
Stoneacre Motor Group has followed-up its January acquisition of Nottingham’s Chris Variava dealership complex with the completion of a deal to secure Burrows Motor Group’s Hyundai and Fiat franchises in Sheffield.
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Car Dealer News 22 FebTrustFord chairman and chief executive Stuart Foulds "driving hard" to deliver faster car sales promise
TrustFord chairman and chief executive Stuart Foulds is targeting greater immediacy in the car buying process in a bid to “differentiate” the business from its AM100 rivals.
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Car Dealer News 12 FebStirling of Hereford acquired by Ponthir Suzuki and Honda
Stirlng of Hereford has been acquired by Ponthir Suzuki and Honda following Motorline’s earlier acquisition of the group’s Hyundai dealership.
