Stoneacre Motor Group has announced its acquisition of Toyota Durham and Toyota Sunderland from Jardine Motors Group for an undisclosed sum on 30th July 2021. It now represents Toyota in seven locations: Stockton-on-Tees, Darlington, Northallerton, Newcastle-upon-Tyne, Gateshead, Durham and Sunderland and Lexus in Newcastle-upon-Tyne and Stockton-on-Tees. The latest acquisitions increase manufacturer representation to 29 franchises… Continue reading Stoneacre Motor Group acquires Toyota Durham and Sunderland from Jardine
Author: Motor Trader Online News
Peugeot, Ford and Jaguar dealers hardest hit in July new car sales
The SMMT new car sales figures for July reveal the winners and losers in the current market, with the supply chain hit by the shortage of semiconductors. In an overall market down 29.5%, MG Motor turned in a strong performance with registrations up 31% in July. Hyundai also performed strongly with registrations up 9.8%. At… Continue reading Peugeot, Ford and Jaguar dealers hardest hit in July new car sales
Lloyd Motor Group buys York JLR dealership from Inchcape
Lloyd Motor Group has bought the Jaguar Land Rover dealership in York from Inchcape for an undisclosed sum. The acquisition increases the number of Lloyd Jaguar Land Rover retailers to six, with York joining Ripon Land Rover, Carlisle Land Rover, Kelso Land Rover and Carlisle Jaguar. Lloyd Motor Group, founded in 1976, operates in twenty-nine… Continue reading Lloyd Motor Group buys York JLR dealership from Inchcape
Automotive Transformation Group buys Salesmaster
Automotive Transformation Group has bought software supplier SalesMaster for an undisclosed sum. Founded in 2009 and headquartered in the UK, SalesMaster serves franchised dealer sites in its domestic market. Its key products are inventory stock management tool Stockbook, vehicle booking system Demo Diary and Fleetbase, its fleet order management platform. The company saw losses of… Continue reading Automotive Transformation Group buys Salesmaster
Nissan dealers prepare for sales of the new Qashqai in its biggest market
MT checks out the state of play at the Nissan franchise as dealers prepare for sales of the all new Qashqai What a year to take up the new job. Andrew Humberstone was appointed as managing director of Nissan Motor GB in January 2020. By the time he had got his feet under the desk… Continue reading Nissan dealers prepare for sales of the new Qashqai in its biggest market
Bristol Street Motors acquires Renault Dacia in Leicester
Bristol Street Motors has acquired the Renault Dacia business in Leicester from Renault Retail Group UK Limited. The new dealership, the seventh Renault dealership in the Group, has been introduced at the Group’s former Citroen dealership based on Raw Dykes Road. It will showcase a range of new and used cars as well as offering… Continue reading Bristol Street Motors acquires Renault Dacia in Leicester
RTC Automotive updates CloseIt platform to save dealers time
CloseIt, the showroom management system from RTC Automotive, has been given an update to improve search, integration and communications functionality. The software solution has received a visual overhaul as part of a series of updates and feature additions implemented across the past seven months. New functions have been added, designed to streamline processes and uncover… Continue reading RTC Automotive updates CloseIt platform to save dealers time
Nissan dealers take on new corporate identity
Two Nissan dealerships in Cornwall and South Wales have become the first in the UK to display the brand’s new corporate identity. The first two dealerships to make the change are Hawkins Motor Group’s Nissan dealership in Penryn, and Griffin Mill in Pontypridd. The refined new logo inside and outside showrooms is part of the… Continue reading Nissan dealers take on new corporate identity
Read Motor Group acquires Beechdale Motor
Read Motor Group has acquired Derby-based Beechdale Motor Group for an undisclosed sum. Beechdale has been in business since 1982, operated by John Oldfield. It holds the Hyundai, Alfa Romeo and Jeep franchises. Accounts filed at Companies House saw it deliver pre-tax profits of £266,875 on turnover of £29.9m in the year to October 2020.… Continue reading Read Motor Group acquires Beechdale Motor
The “online trend is here to stay” as dealers voice concern over online purchases
Almost half (46%) of car dealers say they worry about the rise in online car purchases. According to research from Close Brothers Motor Finance almost a third (30%) of dealers surveyed in Dealer Satisfaction Survey said they worry about customers turning to online car sale websites instead of dealer showrooms, while 16% are concerned buyers will… Continue reading The “online trend is here to stay” as dealers voice concern over online purchases