US retail giant Group 1 Automotive remains on the acquisition trail following its £346 million deal to acquire Inchcape's dealerships in the UK.
US retailing giant Group 1 Automotive has appointed former Lookers’ chief Mark Raban to head its UK operations.
Group 1 has acquired family-owned Soper of Lincoln BMW/MINI, which will generate £94,000,000 in additional annual revenues.
Group 1 Automotive has completed its £346 million takeover of Inchcape Retail, adding 54 car and van dealerships in a "monumental transaction" that will put it into the top five of the AM100 rankings of UK's largest motor retailers.
As Inchcape awaits the completion of its Inchcape Retail UK dealer group sale to Group 1 Automotive UK for £346 million, it has revealed a half-year financial performance showing growth in its overseas vehicle distribution and wholesale business.
US retail giant Group 1 Automotive will remain focused on improving cost control and efficiency at its UK businesses ahead of adding Inchcape’s 54 dealerships to its portfolio.
Group 1 Automotive now has more than 20 Mercedes-Benz dealerships in the UK following yet another acquisition from the expanding US-owned dealer group.
Cost-cutting aimed at saving £10 million annually from Group 1 Automotive's UK operation are continuing to play out through the second quarter of this year to deliver benefits to the bottom line.
As it prepares to offload its UK retail business to Group 1 for £346 million, Inchcape is reporting healthy group revenues of £2.3 billion.
Group 1 Automotive has agreed a £346 million deal to acquire Inchcape's UK dealerships, almost doubling the scale of the AM100 group.
Demand for self-service aftersales solutions continues to rise with over 1.7 million customers choosing to check-in their vehicles digitally in 2023.
Mark Bridgland, who recently left the managing director's post at Group 1 Automotive UK after 10 years with the motor retailer, has joined truck and bus firm Scania.
An acceleration of new vehicle, parts and service revenues has propelled Group 1 Automotive to a record set of Q1 financial results.
Group 1 Automotive is on the hunt for a new managing director once again after Mark Bridgland announced his departure from the US-owned car retail group ahead of the start of a “new venture”.
Data for Group 1 Automotive UK shows the steadily-growing AM100 dealer group is making great profits from its sales of new and used cars.
Group 1 Automotive has rebranded its Barons and Chandlers BMW and Mini dealerships under new Group 1 BMW and Group 1 Mini banners as part of a bid to offer “transparency”.
Group 1 Automotive has completed the acquisition of Essex-based BMW and Mini franchised car retailer Fairfield Motor Group.
Group 1 Automotive has appointed its current president of US operations Daryl Kenningham as its new chief executive after Earl J. Hesterberg announced his retirement after 17 years with the car retail group.
Group 1 Automotive has highlighted the strength of its new car order books in the UK after reporting a record Q2 performance.
Group 1 Automotive has promoted its director of operations Mark Bridgland to the post of managing director – ending 22 months without an MD.
