Vertu Motors has asserted that ‘scale is a key success factor’ in automotive retail in a five-month trading update detailing its rapid expansion the addition of new dealership operations across the UK.
Arnold Clark has continued to grow a “healthy freehold property portfolio” with the acquisition of two Cazoo vehicle handover sites.
Cazoo has completed the disposal of the used car data insights platform Cazana for an undisclosed sum just over 17 months after acquiring the business for £25 million.
Snows Motor Group has expanded its Vauxhall and Citroen franchise representation through the acquisition of two Hampshire dealerships from J Davy.
Volvo Cars UK franchisee Clive Brook has handed over the keys to his car dealerships in Bradford and Huddersfield to Ray Chapman Motors – ending a “fantastic journey” in automotive retail.
Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.
Marshall Motor Group has taken its Jaguar Land Rover (JLR) representation t 10 dealerships with the acquisition of the premium carmaker’s Leicester franchise from Sturgess Motor Group.
Real estate services group Savills has ramped up its interest in motor retail property with its acquisition of Automotive Property Consultancy (APC) from its founder Bill Bexson.
Car retail brothers Harry and Neal Grainger have officially become business partners with the acquisition of Mantles Kia Royston – paving the way to the creation of a new dealer group.
RRG and Norton Way owner Marubeni Auto Investment has completed the acquisition of a majority shareholding in three-site used car supermarket business HPL Motors Group.
Donalds Group has continued its recent growth drive with the acquisition of Wright’s Mazda in Norwich, its fourth franchised car dealership with the Japanese brand.
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.
Vertu Motors has added its first Ferrari supercar and Volvo dealerships to its car retail portfolio through the £117 million acquisition of Helston Garages.
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector’s mergers and acquisitions (M&A) outlook.
Luxury car retail group Rybrook has completed the acquisition of Helston Garages’ Porsche car dealership in Exeter.
Arnold Clark’s bid to acquire Yorkshire based franchised car retailer Car2 has ended after the two businesses were unable to strike a deal.
Yeomans Group has completed the acquisition of 11 Audi, Volkswagen, VW Commercial Vehicles and Skoda franchised car dealerships from Helston Garages for an undisclosed sum.
Pendragon suitor Hedin Mobility Group has secured a foothold in the UK car dealership sector with the acquisition of four franchise points from Mercedes-Benz Retail Group.
Hedin Group’s ‘put-up or shut-up’ deadline for a takeover offer for Pendragon PLC has been extended to December 9.
The ownership of franchised car retail business Peter Ambrose Peugeot is set to start a “new chapter” under new ownership after being sold to a trust formed by its employees.
