acquisitions and deals
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Acquisitions and deals 6 DecVW network shake-up continues with proposed Inchcape two-site sale to Citygate
Inchcape looks poised to sell two more Volkswagen car dealerships, to Citygate, as the German car brand’s UK franchises continue to change hands in a series of recent disposals and acquisitions.
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Acquisitions and deals 4 DecJardine Motors to sell eight Volkswagen and Skoda sites
Jardine Motors Group has confirmed to AM that it has made the decision to seven Volkswagen franchised dealerships and one Skoda site, with Marshall Motor Holdings believed to be poised to acquire the businesses.
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Supplier News 26 NovAutoProtect Group appoints new CEO and strengthens DealTrak ties
AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak.
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Car Dealer News 22 OctHendy Group claims Solent Business Awards’ Company of the Year title
Hendy Group has claimed the Solent Business Awards’ Company of the Year accolade after judges recognised its profitability, innovation, employment growth and a “near-doubling” of its turnover in 2019.
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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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Car Dealer News 7 OctSytner Group remains on the rise with record 2018 revenues and profit
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
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Supplier News 1 Oct
WMS Group acquired by roadside assistance specialist Opteven Group
WMS Group is set to be wholly acquired by Europe’s second-largest Mechanical Breakdown Insurer (MBI) subject to formal approval of the deal from The Financial Conduct Authority (FCA).
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Supplier News 9 SepGMD People targets growth under new ownership
Car retail management and leadership training and recruitment specialist GMD People is targeting growth under new ownership following its sale to former ASE Global business coach Paul Canning.
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Car Dealer News 6 SepHendy to rebrand former Westover Group car dealerships
Hendy Group is preparing to embark on a rebrand of the Westover Group dealerships it acquired at the start of 2019.
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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 6 AugBrayleys Cars adds four dealerships with Thames Honda acquisition
Brayleys Group has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum.
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Acquisitions and deals 1 AugPentagon Motor Group to acquire Loughborough’s Archie Moss Vauxhall
Pentagon Motor Group intends to grow its Vauxhall representation to 13 franchised sites with the acquisition of Archie Moss Vauxhall in Loughborough.
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Car Dealer News 31 JulGroup 1 VW dealership acquisitions completed ‘in concert’ with OEM
Group 1 Automotive's president and CEO has said that Volkswagen encouraged its recent acquisition of dealerships from Inchcape despite its own plans for a period of consolidation in a “challenging” UK market.
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Acquisitions and deals 23 JulMotorline and Group 1 acquire Inchcape dealerships
Motorline has trebled its Audi representation in Kent with the acquisition of a further two dealerships sites from Inchcape Retail.
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Acquisitions and deals 22 JulSinclair Group acquires Pendragon's Stratstone JLR Swansea dealerships
Sinclair Group has added its first Jaguar franchise and a second Land Rover dealership to its growing portfolio with the acquisition of Pendragon’s Stratstone Jaguar Land Rover Swansea businesses.
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Acquisitions and deals 10 JulGreenhous Group acquires Southampton’s Adams Morey
Greenhous Group has acquired £61 million turnover Adams Morey to grow its representation with Fiat vans and Daf Trucks and Ford van servicing.
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Car Dealer News 3 Jul
Pendragon completes £28.2m disposal of US JLR dealership
Pendragon has completed the disposal of its JLR dealership in Mission Viejo, California, fro £28.2 million.
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Acquisitions and deals 1 JulAM100 newcomer Richmond Motor Group acquires Sparshatts Group
Richmond Motor Group has completed the acquisition of Sparshatts Group less than a fortnight after being named as the highest-placed newcomer to the AM100 ranking of the UK largest franchised car retailers.
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Car Dealer News 8 MayVertu Motors’ 16.8% profit decline a ‘credible’ result in uncertain economy
Vertu Motors’ chairman Peter Jones described the AM100 franchised car retail group's 2018 financial performance as “a credible result” despite a 16.8% decline in profit before tax.
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Acquisitions and deals 2 May
Pendragon agrees £60m disposal of US JLR dealerships
Pendragon has disposed of its two Hornburg Group Jaguar Land Rover (JLR) dealerships in California as it progresses its plans to reduce its exposure to premium brands and withdraw from the US.
