Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
Car retail DMS giant CDK Global has been sold to leading global investment firm Francisco Partners in a deal worth $1.45 billion (£1.08bn).
Inchcape UK has agreed the £29.7m sale of its Jaguar Land Rover (JLR) Arch Concept premium car dealership in Southampton to Hendy Group.
Stoneacre Motor Group has created a dual-brand Aston Martin and Lexus dealership in Newcastle after forging its first partnership with the Japanese premium brand via an acquisition from Jardine Motors Group.
Inchcape UK CEO James Brealey has asserted that his retail group remains “committed” to its BMW and Mini franchises after confirming it is in the latter stages of disposing of sites in the North East and Croydon.
Vertu Motors has begun recruitment for a BMW division expected to be created from a multi-site acquisition to be completed during December.
Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum.
Vertu Motors has confirmed that it is in discussion with a number of parties over the acquisition of “a number of BMW dealerships” following speculation that Inchape is set to sell a number of sites.
Vertu Motors has completed the acquisition of Sandicliffe Motor Group’s Kia dealership in Nottingham.
Inchcape has continued its recent string of UK dealership disposals with the sale of its Oldham Volkswagen car franchise to Swansway Garages.
Estar Truck and Van have acquired certain parts of the Roanza Mercedes-Benz commercial vehicle franchised dealership goup and its subsidiary Premier Vehicle Rental Limited – saving 340 jobs.
Pendragon has agreed the £27.4 million sale of its Jaguar and Land Rover motor vehicle dealership located in Los Angeles, California.
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.
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.
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.
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group.
Auto Trader is targeting further automation of the car sales process following the acquisition of finance, insurance and compliance software platform AutoConvert.
Online car sales start-up Cazoo has completed the acquisition of £201.4 million turnover, 18-site used car supermarket group Imperial Cars.
Marshall Motor Holdings has completed the acquisition of Jardine Motor Group’s Volkswagen dealership in Aylesbury.
Peter Cooper Motor Group has expanded into Dorset with the acquisition of the £14 million turnover Think Cars SsangYong and prestige used car dealership.
