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.
Hendy Group is preparing to embark on a rebrand of the Westover Group dealerships it acquired at the start of 2019.
Pendragon has completed the £17.2 million disposal of its Chevrolet car dealership in Puente Hills, California.
Brayleys Group has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum.
Pentagon Motor Group intends to grow its Vauxhall representation to 13 franchised sites with the acquisition of Archie Moss Vauxhall in Loughborough.
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.
Motorline has trebled its Audi representation in Kent with the acquisition of a further two dealerships sites from Inchcape Retail.
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.
Rotherham motor factor Leisureways UK has been taken over by Autosupplies Group, which trades as Autosupplies (Chesterfield) and Butlers Automotive.
Greenhous Group has acquired £61 million turnover Adams Morey to grow its representation with Fiat vans and Daf Trucks and Ford van servicing.
