American motor retailer AutoNation has now joined the bidding war for Pendragon, with its own 32p per share pitch matching the revised offer proposed by its US rival Lithia.
Shareholders in Lookers voted on the 130p per share takeover offer by Global Auto Holdings this week and a huge majority gave it their backing.
Greater choice in terms of new electric vehicles (EV) entering the marketplace is forcing carmakers to cut prices and offer cheaper finance, according to industry heavyweight Vertu Motors.
A combined Fiat, Alfa Romeo, Jeep and Abarth car dealership near Solihull is set to close next week because it cannot accommodate the new requirements of car manufacturer group Stellantis.
A Midlands-based AM100 car dealer group has begun a group-wide sustainability project which will bring long-term cost savings and carbon footprint reductions.
TrustFord won the 2023 AM Award for Dealer Group of the Year (more than 10 sites). Read why it won.
Car dealer group Pendragon, which trades as Evans Halshaw and Stratstone, is beginning the search for a new chairman of the board. Ian Filby is leaving.
Chorley Group managing director Adam Turner explains to AM why multi-franchising is playing a key part in tackling the rising costs of business.
Angela Shepherd has been appointed chief executive of Stellantis &You UK, replacing James Weston.
James Weston, who has been chief executive of AM100 car dealer group Stellantis & You (formerly Robins & Day) for seven years, has left the business.
The takeover of AM100 dealer group Lookers by Canada's Alpha Auto Group, through its UK entity Global Auto Holdings, has marked the start of a new chapter for the UK's third largest motor retailer.
Netherlands-based motor retailer Van Mossel has announced its takeover of the UK car dealer Jacksons Group, which represents 29 automotive brands in the Channel Islands, the Isle of Man and the Isle of Wight.
AM100 car dealer DM Keith has announced a partnership with UK new car market entrant Build Your Dreams (BYD).
Vertu Motors’ continued strategy to scale the group has delivered £4bn in revenues for the first time as the business reported better than expected profits.
AM100 car and commercial vehicle dealer Greenhous Group has acquired Shrewsbury-based commercial vehicle bodybuilder Bulkrite Limited for an undisclosed sum.
Inchcape chief executive Duncan Tait said that the automotive distribution and car retail PLC had made an “excellent start to 2023”, despite the adverse effects of certain OEMs’ shift to a direct-to-consumer agency model.
An acceleration of new vehicle, parts and service revenues has propelled Group 1 Automotive to a record set of Q1 financial results.
Swansway Group director Peter Smyth has asserted that the car retail business is on a “strong financial footing” after 2022 financial results revealed declining profits.
Pendragon’s board expects the AM100 car retail PLC to “comfortably outperform” its previous expectations for 2023 after delivering a 23% rise in underlying pre-tax profits during Q1.
Lookers chief operating officer Duncan McPhee has said the AM100 PLC is ready to accelrate growth through acquisitions and the creation of a Lookers Car Hub used car operation.
