Vertu has completed the purchase of five BMW and Mini businesses from Inchcape plus one BMW Motorrad business and a used car site for a total cash consideration of £18.7 million plus £8.9m of used...
Read moreThe Covid-19 crisis has accelerated what Cambria CEO Mark Lavery describes as a generational change in automotive retail, but he doesn’t believe that the move to an agency model is inevitable. “I...
Read moreOn the back of the some of the adjustments seen amongst the accounts of the listed companies, I have dug a bit deeper into the accounting for pension schemes and the effect they can have on the...
Read moreWith the backdrop of the election having been and gone, and the UK finally leaving the European Union – some 10 months late, it appears that the country is in good spirits. As reported on the...
Read moreThe consumer has proven to be relatively robust to date and a number of listed dealers have reported positive earnings trends in recent months. Clearly challenges remain: the resignation of Theresa...
Read moreHendy Group has extended its footprint across the south of England with the acquisition of Westover Group for an undisclosed sum, in a move that chief executive Paul Hendy described as “hugely...
Read moreA retailer specialising in the upper end of the used car sector says that selling his business to a PLC which has a portfolio of destination gastro pubs and inns is a ‘natural fit’ that will...
Read moreVertu has acquired Newport based Vans Direct for £7.5m, in an acquisition that the board expects to be immediately earnings enhancing. Vertu CEO Robert Forrester said “This is an exciting...
Read moreStoneacre Motor Group is set to continue its expansion plans with the acquisition of North East-based Mill Garages, according to Auto Retail Agenda’s sources. The purchase will double the number of...
Read moreRetailer acquisitions through 2016 and 2017 mean the largest groups now control 28% of the market. Dealer groups increased their share more rapidly in 2017 than in recent years, with the largest...
Read moreVertu Motors has bought Home Counties based Hughes Group for £21.8 million. The acquisition marks Vertu’s first purchase for two years. Hughes, based around Beaconsfield, operates six outlets for...
Read moreFormer Ridgeway CEO John O’Hanlon has returned to the auto retail sector as founder of Waylands Automotive, looking to pick up on what he describes as unfinished business, and aiming to build a...
Read moreThe used car market and aftersales will be critical for the automotive retail sector over the next 12 months, but even in this challenging market there are still opportunities for growth. So says Mark...
Read moreSt Leonards Motors Group based in South East England has bought Dingles which operates Toyota, Lexus, Hyundai and Isuzu franchises in East Anglia, for an undisclosed sum. Companies House records for...
Read moreIt is believed that South Eastern group Go Vauxhall is to acquire the West Midlands group Vision Vauxhall. The former retailer operates eight sites in and around London and the South East of...
Read moreThe total number of new car sales points increased from 4,840 in January 2016 to 5,011 at the beginning of 2017, which follows a fall of seven sales points in 2015. This is one of the key findings of...
Read moreFor nearly a year, Vertu hasnt bought any dealerships, and for a group that has both been born from, and grown by, acquisition, this has been something of a change for chief executive Robert...
Read moreMarshalls has demonstrated that it is more than just the sum of its acquisitions, with end of year results showing strong like-for-like growth alongside the significant contributions from the...
Read morePSA has announced the acquisition of Opel/Vauxhall from General Motors for 2.2 billion, creating the second largest automotive company in Europe behind Volkswagen, with a market share of 17%. PSA...
Read moreAllen Fords South African parent company is understood to have continued its expansion in the UK with the purchase of Essex Auto Group for an undisclosed sum. The acquisitive Super Group, head...
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