US retailing giant Group 1 Automotive has appointed former Lookers’ chief Mark Raban to head its UK operations.
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.
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.
US car dealer giant AutoNation is eyeing a move to snap up Inchcape’s UK dealerships.
Operating profits fell 17% in Inchcape's retail division during 2023 although revenues rose slightly, while its international vehicle distribution divisions grew rapidly.
The AM100 dealer group Inchcape Retail UK is up for a takeover.
Jerry Buhlmann is to become the next chairman of London-based Inchcape next year succeeding Nigel Stein subject to shareholder approval.
Inchcape has drastically cut its exposure to used cars by taking the strategic decision to shutter eight of its 17 supermarket sites in the UK
Inchcape produced another strong performance in the third quarter, delivering continued momentum across APAC, supported by acquisitions, while its businesses in Europe and Africa performed well
Inchcape Jaguar Land Rover has opened its new luxury showroom in Norwich following a year-long transformation of the site.
Inchape has appointed former BP finance director Byron Grote as a non-executive director.
Inchcape’s global car distribution operations have driven its year-to-date financial performance to ‘exceed expectations’, a trading update has revealed.
Marshall, Inchcape and Sytner have enhanced their fleet commitments by signing up to the Association of Fleet Professionals’ (AFP) new Dealer Standard.
Inchape is pulling out of the Russian market as a result of the ongoing conflict in Ukraine.
Inchcape PLC’s global footprint will mitigate the impact of a £750 million exposure to the Russian automotive sector, analysts have said.
Inchcape has revealed that its year-to-date financial performance has “exceeded expectations” in a brief trading update issued today (June 18).
Inchcape UK chief executive James Brearley has revealed the AM100 PLC’s plan to open up to 20 used car retail locations, each with an adjoining fast-fit aftersales offering, by the end of next year.
Inchcape’s UK car dealership operation showed “relative resilience” in a COVID-impacted ‘Lockdown 3’ as the PLC’s distribution business offset revenue losses from retail, the PLC has reported.
