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.
heycar has completed the acquisition of long-established consumer automotive website HonestJohn.co.uk just weeks after it slipped into administration due to “significant cash flow difficulties”.
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.
Cambria Automobiles and Vertu Motors have both completed the acquisition of Leven Car Company dealership sites less than a fortnight after the Edinburgh-based retail group entered administration.
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.
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.
Opteven’s acquisition of WMS Group has been formally completed after gaining approval from The Financial Conduct Authority (FCA).
Marshall Motor Holdings has completed the £22.3 million acquisition of eight Volkswagen Group franchised car dealerships from Jardine Motors.
Vantage Motor Group has been sold by founder Mark Robinson in a management buyout involving the AM100 operation’s chairman, finance director and operations director.
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.
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.
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.
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.
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.
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.
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.
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.
Auto Trader has bought KeeResources, one of its data suppliers, in a move it hopes will help make consumers' car buying experience better.
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).
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.
