BCA and cinch owner Constellation Automotive Group has received the regulatory approvals required from the Financial Conduct Authority (FCA) to complete its acquisition of Marshall Motor Holdings.
Cazoo has said that it cannot guarantee it will “achieve profit at all” in a newly-published document detailing the potential risks and pitfalls of its online car retail and vehicle subcription model.
Stellantis has agreed a deal to acquire the Share Now car sharing mobility provider formed through a joint venture involving BMW and Mercedes-Benz.
AM100 dealer group Brayleys is set to climb up the rankings from its current 89th position with its acquisition of Orpington Honda from Lookers.
Carwow has attracted an investment from Volvo Cars, which has taken a minority stake of the online car sales marketplace through its venture capital arm, Volvo Cars Tech Fund.
Steer Automotive Group has acquired the 11-site Artis Accident Repair Centres business to begin the latest phase of its expansion plan – in and around London.
ITC Compliance, a UK intermediary Financial Conduct Authority (FCA) Network, has been purchased by Fortegra Group, a global speciality insurer.
Cazoo reported seeing a “clear path for significant Retail GPU improvement” from its online used car sales after reporting a £550 million loss in 2021.
Taxi and van manufacturer LEVC has appointed a new dealer for the Greater Manchester region.
Marshall Motor Holdings chief executive Daksh Gupta has highlighted shareholders’ three-fold return on investment on the seventh anniversary of the car retail group‘s IPO on the London Stock Exchange.
Sytner Group has added a trio of BMW and Mini dealerships with the acquisition of Stevenage-based Specialist Cars.
The UK’s large car retail groups and PLCs will be joined by international investors and disruptors such as Cazoo and Constellation Automotive in what is likely be a record year for mergers and acquisitions.
Auto Trader is set to take control of the Vanarama leasing business after agreeing a deal to acquire its parent business Autorama.
Swedish car retailer Hedin Group could be lining up a second takeover bid for Pendragon after having an initial £400m offer rejected, it has been reported.
Park’s Motor Group has extended its representation of Renault, Dacia, MG and Nissan with the acquisition of Mackie Motors’ Arbroath and Brechin car dealerships.
Inchape is pulling out of the Russian market as a result of the ongoing conflict in Ukraine.
BMW Group has bought Alpina and will bring the turning firm in-house.
Chorley Group managing director Adam Turner has said further growth is on the cards after the family-run car retail group added two new Citroen dealerships with the acquisition of BCC Cars.
Johnsons Cars has added six Volkswagen and Skoda dealerships and its first Trade Parts Specialists (TPS) businesses through the acquisition of Trust Group UK.
Park’s Motor Group has joined the Lexus franchise and added to its representation of Hyundai, Skoda and Toyota through the acquisition of Borders Motor Group.
