Used car marketplace Cinch is to get physical with the launch of an in-person store retail strategy after selling more than 200,000 cars online.
Cazoo's brand and marketplace business are reported to be on the verge of being sold for a fraction of what it invested in high-profile sports sponsorships
Holden Group has appointed Richard Hollis as head of group used cars.
Lookers has confirmed its CEO Mark Raban is to exit the automotive retail giant on December 31.
Global Auto Holdings’ £465.4 million bid to acquire Lookers may be in doubt as shareholder Constellation Automotive has announced it will vote against the deal.
Constellation Automotive has appointed cinch chief executive James Mullins to the board of AM100 car retailer Marshall Motor Group.
Constellation Automotive’s cinch online used car retail operation has posted a £149 million pre-tax loss in annual financial results for 2021/22.
Inchcape chief executive Duncan Tait and Constellation Automotive executive chairman Avril Palmer-Baunack were the only two car retail sector leaders to make the Auto Express Brit List 2022.
A Scottish Football sponsorship feud involving Rangers Football Club, Parks Motor Group and cinch may have boosted the online car retailers profile, a YouGov poll suggests.
Cinch is set to become Crystal Palace’s official shirt sponsor for the 2022/23 Premier League football season as part of a multi-year contract.
Celtic’s Scottish Premier League title victory could have eased tensions over a car retail sponsorship row involving cinch, Park’s Motor Group and bitter rivals Rangers.
BCA and cinch owner Constellation Automotive Group has received the regulatory approvals required from the Financial Conduct Authority (FCA) to complete its acquisition of Marshall Motor Holdings.
Cinch, BCA and Webuyanycar owner Constellation Group has followed up its move to acquire Marshall Motor Holdings with the purchase of a 19.9% stake in Lookers.
The UK’s established used car retail operators will continue to dominate the sector after ramping up their breadth of services to see off new market disruptors such as Cazoo and cinch, iVendi has said.
Driverama has said that it has no immediate plans to bring its growing online car retail operation to the UK after kicking off its growth in new European markets.
Constellation Automotive’s private equity fund owner TDR Capital is set to dispose of its LeasePlan vehicle leasing business after securing a €4.9 billion (£4.1bn) sale.
Cinch will be the first-ever sponsor of Simon Cowell’s new ITV musical game show, Walk The Line.
Marshall Motor Group’s board has highlighted the “responsibilities of ownership of MMH” in a statement recommending the acceptance of Constellation Automotive’ s £201.6 million takeover offer.
Constellation Automotive’s £201.6 million offer for a 64.4% controlling stake in Marshall Motor Group has been described as a “done deal” after an ‘undertaking to accept’ was published via the London Stock Exchange.
Constellation Automotive claims to have reached “unmatched scale” in automotive retail after expanding its car retail operations into Europe with the acquisition CarNext.
