Acquisition and disposal
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Car Dealer News 18 AugMarshall Motor Group ready to acquire as UK market prepares for further consolidation
Marshall Motor Group has made it clear that it is ready to acquire businesses as Covid-19 is likely to accelerate consolidation in the UK automotive retail market.
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Acquisitions and deals 17 AugFord-tuning specialist Mountune seeks buyer
Mountune, the tuning and parts specialist for performance and racing Fords, has announced that it is seeking a buyer or investment partner for the business.
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Acquisitions and deals 13 AugArden to acquire Inchcape BMW/Mini Tunbridge Wells car dealerships
Arden is poised to acquire Inchcape’s Cooper BMW and Mini car dealership operation in Tunbridge Wells, with the deal expected to be finalised by the end of this month.
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Acquisitions and deals 21 FebPulman acquires Silbury Skoda in Northumberland
Silbury Skoda in Cramlington, Northumberland, has been taken over by Pulman Group, an existing Volkswagen Group franchisee with Skoda dealerships already in nearby Durham and Sunderland.
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Car Dealer News 11 FebPendragon finds ‘replacement purchaser’ for California Chevrolet dealership
Pendragon has completed the £16.5 million sales of its Chevrolet dealership in Puente Hills, California, to JBR Automotive six months after agreeing the sale to another car retail group.
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Acquisitions and deals 17 JanCitygate confirms Inchcape West London and Twickenham VW acquisitions
Citygate Automotive has confirmed its acquisition of Inchcape Retail’s Volkswagen dealerships in West London and Twickenham – six weeks after AM reported on the impending deal.
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Acquisitions and deals 16 JanVertu Motors acquires four Sytner Group Volkswagen dealerships
Vertu Motors has added to the recent flurry of acquisitions and disposals within the Volkswagen retail network with the £8.8 million acquisition of four dealerships from Sytner Group.
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Latest News 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 Aug
Pendragon 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.
