Mercedes-Benz UK has reported strong growth under its agency model, with new car registrations up by 20% year-on-year and a 29% rise in the private retail channel.
Cumbrian AM100 car retailer Lloyd Motor Group has expanded its footprint in the North East with the acquisition of Stratstone Tyneside BMW & Mini.
Marshall Motor Group has expanded in Kent with an acquisition of a supercar dealership.
Automotive retail software provider Pinewood has reported significant progress in the first half of FY24, executing a roll-out of its system into Lithia UK dealers and expanding internationally.
Evans Halshaw is to launch a new MG dealership in Banbury in October, its second MG franchise within the Evans Halshaw network.
Pendragon Vehicle Management (PVM) has appointed Phil Wilbraham as its new group vice president, following its acquisition by Lithia.
US-based giant Lithia, the new owner of Pendragon, has unveiled plans to axe hundreds of jobs.
Evans Halshaw’s first MG car dealership is to replace an existing Ford store in Grantham.
Pendragon’s multi-million pound sale of its dealerships and leasing businesses to Lithia & Driveway creates a business with considerable market influence.
The Financial Conduct Authority has given the go-ahead for US-based Lithia Motor's takeover of the motor retail part of Pendragon, including its Pendragon Finance and Insurance Services Limited business.
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.
A second pitch from Anders Hedin and Roger Penske's dealer groups to acquire Pendragon in its entirety has upped their offer from 28p per share to 32p per share.
Pendragon has unanimously rejected an unsolicited and preliminary proposal by Hedin Mobility and Penske
