Marshall buys Progress Skoda
Marshall Motor Group is understood to have bought the four Skoda franchises run by Progress Motor Group for an undisclosed sum. The acquisition follows the purchase of two Skoda sites from Sandicliffe earlier this year taking Marshall’s total for the Czech brand to 11.
The most recent takeover makes Marshall the biggest Skoda retailer in the UK with 11 sites for the brand. A significant step up from the five with which it started the year.
The addition of the Progress Skoda sites in Bedford, Harlow, Letchworth and Northampton leave Progress with three Suzuki franchises in Letchworth, Milton Keynes and Kettering which will continue to be run by Terence Byrne.
As whole, Progress had a turnover of £54.3 million in 2017 with a profit before tax of £631,571.