Rygor Commercials is preparing for a new era of ownership after sales director John Keogh and head of truck sales Rish Channa completed a management buy-out (MBO) of the business.
Vertu Motors has revealed that it is engaged in “advanced discussions” over the potential acquisition of £512 million turnover premium car retailer Helston Garages Group.
Dubai-based franchised car retailer AW Rostamani Group has broadened its UK footprint with the acquisition of nine West Way car retail sites from Nissan Motors GB.
The Stellantis-owned used car retail business Aramis Group has acquired Cazoo’s Italian operations as the online retailer continues its withdrawal from Europe to focus on cost savings and the UK market.
Vertu Motors has become the UK’s largest BMW Motorrad motorcycle retailer with the £4.4 million acquisition of two Yorkshire dealerships from Saltaire Motor Company, which trades as Allan Jefferies.
The London Stock Exchange has extended the deadline for Sweden-based Hedin Group to continue discussions and due diligence with Pendragon before it must decide whether to make a formal takeover bid for the major AM100 dealer group which trades under the Evans Halshaw and Stratstone brands.
Auto Trader has sold off its Webzone subsidiary, which trades as Carzone in the Republic of Ireland, for 30m euros (approx. £26m).
Increasing numbers of franchised car retailers are considering exit strategies as economic pressures and uncertainty around agency model retail plunge the sector into a period where uncertainty is now the norm, MHA has suggested.
Cumbrian AM100 car retailer Lloyd Motor Group has continued it recent push for expansion with the acquisition of P.V. Dobson’s Volvo Car UK dealership near Kendal.
Donalds Group has officially taken over the operation of the Kia UK Ipswich dealership formerly operated by Marshall Motor Group.
Listers Group is lining-up a relaunch of its Volvo Car UK dealership in Leamington Spa following a £2 million project to bring the facility up to the Swedish brand’s VRE corporate identity (CI).
Endeavour Automotive taken its Hyundai representation to seven locations with expansion in East Anglia through the acquisition of car retail group Turners.
CitNOW Group has continued its growth through acquisition strategy with the acquisition of Auto Imaging.
Group 1 Automotive has completed the acquisition of Essex-based BMW and Mini franchised car retailer Fairfield Motor Group.
Hendy Group has revealed plans to unite the Renault and Nissan brands at a new-build showroom facility in Eastleigh, near Southampton.
Allen Motor Group has joined the Hyundai Motors UK franchised car retail network and added two Kia dealerships with the acquisition of Delgarth Motor Group.
West Motor Company is targeting growth with a new car franchise partner after acquiring the former Mercedes-Benz Retail Group dealership in Bromley.
CitNOW has continued a drive to broaden the reach of its automotive retail software platforms with the acquisition of workflow management specialist Real Time Communications (RTC).
The Taxi Centre, part of Vertu Motors, has agreed a new partnership with London Electric Vehicle Company (LEVC) to sell its electric-powered black cabs.
Picador, the Hampshire dealer group which has retailed Vauxhalls for almost 60 years, has been sold to Snows Group.
