Parks Motor Group has acquired Mackie Motors, adding sites in the North East of Scotland, Arbroath and Brechin to its portfolio. The Group will add Mackie’s Renault, Dacia, Nissan and MG showrooms to its roster; all brands that are already represented by Park’s. All staff within the dealerships will remain. A Park’s Spokesperson said, “We have known the Mackie Motors… Continue reading Parks Motor Group acquires Mackie Motors
Author: Motor Trader Online News
Franchised dealers ‘essential’ for widespread adoption of EVs
Franchised dealers are at the forefront of the electric vehicle revolution and are ‘essential’ for its widespread adoption. These were the first remarks the newly appointed chairman of the National Automobile Dealers Association (NADA) chairman Mike Alford at the world’s biggest dealer trade show held this year in Las Vegas. “We are on a path… Continue reading Franchised dealers ‘essential’ for widespread adoption of EVs
BMW Group acquires the ALPINA brand
The BMW Group has made the ALPINA brand part of the company. The BMW Group will secure the rights to the ALPINA brand – bringing even greater diversity to its own luxury-car range. BMW AG and ALPINA Burkard Bovensiepen GmbH + Co. KG have reached an agreement to this effect that will secure the long-term… Continue reading BMW Group acquires the ALPINA brand
Johnsons Cars acquires Trust Group UK
Johnsons Cars has acquired Trust Group UK for an undisclosed sum. The deal takes in Skoda and Volkswagen dealerships in Redditch, Stourbridge and Wolverhampton. In addition, for the first time, it adds three Trade Parts Specialists (TPS) to the group in Birmingham, Coventry and Wolverhampton, providing a one stop shop for original equipment parts for… Continue reading Johnsons Cars acquires Trust Group UK
Chorley Group acquires two Citroen dealership from BCC
Chorley Group has acquired two Citroen dealerships from the BCC Cars group for an undisclosed sum. Chorley Group ,which currently operates 12 businesses across the North West and employs 300 people locally, confirmed news that BCC Citroen will become part of Chorley Group from (7th March), trading as Chorley Group Citroen Blackburn and Bolton. Adam Turner, Managing Director… Continue reading Chorley Group acquires two Citroen dealership from BCC
Drayton Motors acquires Cropleys Suzuki in Boston Lincolnshire
Drayton Motors has announced its acquisition of Cropleys Suzuki in Boston, Lincolnshire. This adds to its current portfolio of three Kia dealerships in Boston, Grantham and Louth, one Maxus dealership in Louth and two Autohub Used Car operations in Gainsborough and Louth. Drayton Motors Director, Darren Bradford, said: “Cropleys Suzuki is a well-established business with… Continue reading Drayton Motors acquires Cropleys Suzuki in Boston Lincolnshire
Average van prices pass £11,000 at Manheim as dealers stock less
Manheim saw average van selling prices pass the £11,000 price barrier in January. It also saw 23% more volume sold compared to January 2021, as vendors attempted to take advantage of strong price dynamics. January 2022 marked the return of a five-figure average selling price for a used van, previously observed from June until October… Continue reading Average van prices pass £11,000 at Manheim as dealers stock less
Keyloop acquires Canadian DMS provider SERTI
Keyloop has acquired SERTI, a leading provider of Dealer Management Systems (DMS) in Canada. As its sixth acquisition since launching in March 2021, this, Keyloop said, marks another step forward in its commitment to international expansion and reinforces Canada as a priority region for the company. Keyloop already has a presence in Canada following its… Continue reading Keyloop acquires Canadian DMS provider SERTI
Used car values to remain ‘buoyant’ over coming year
Used car values are set to ‘remain buoyant’ over the next 12 months and to remain robust over the next four years. That’s the view of Paragon Bank Motor Finance managing director Julian Rance who said the outlook was positive following an amazing 2021. “I have never seen used cars grow in value to the… Continue reading Used car values to remain ‘buoyant’ over coming year
The used cars with highest retail margin for dealers
Dealer Auction has charted the used vehicles that offer dealers the highest retail margin in the UK. Its monthly Retail Margin Monitor found that the used vehicles attracting the biggest retail margins on its platform in December 2021 were SUVs, making up six of the total top 10. The car that offered the highest retail… Continue reading The used cars with highest retail margin for dealers