Pendragon confirmed today that it had sold its Jaguar Land Rover dealership in Newport Beach, California. The transaction is in line with the group’s strategy of disposing of its US motor businesses. Pendragon is currently seeking to fill the vacant role of CEO, following the departure of Mark Herbert after just three months in the… Continue reading Pendragon sells JLR dealership in California for £31m
Author: Motor Trader Online News
Simonstone Motor Company’s Bristol dealership ceases trading
Simonstone Motor Company’s Bristol dealership has stopped trading. The site is a multi-brand car dealership on Bath Road, Brislington, representing Alfa Romeo, Abarth, Fiat and Jeep. Bristol Live reported that vehicles for sale have been taken away to other dealerships. The publication claims that a number of customers awaiting new cars are now unsure where… Continue reading Simonstone Motor Company’s Bristol dealership ceases trading
Used car values up 4.7% at auction in November says BCA
Average used car values surged during November 2019, rising by £453 (4.7%) during the month to reach £10,101, the third highest figure on record. BCA reported a that the year-on-year headline figure was up by £235, equivalent to a 2.4% increase in average values despite both average age and mileage rising – a result reflecting… Continue reading Used car values up 4.7% at auction in November says BCA
Sytner completes new £9m BMW car dealership in Cardiff
Sytner Group has completed the building of a new £9m BMW car dealership in Cardiff. The new 43,000 sq ft development will replace an existing dealership in the city. The new two-storey dealership will stock new and pre-owned BMW vehicles, including electric cars from BMW’s ‘i’ division. Keir Edmonds, managing director of MCS Group, the… Continue reading Sytner completes new £9m BMW car dealership in Cardiff
Marshall buys Volkswagen and Skoda dealerships from Jardine
Marshall Motor Holdings has bought Volkswagen and Skoda car and CV businesses from Jardine Motor Group for £9.3m. The deal, for £22.3m cash with £13m of inventory, includes six Volkswagen car franchises in Aylesbury, Harlow, Letchworth, Loughton, Milton Keynes and St Albans, a Volkswagen commercial vehicle franchise and bodyshop in Loughton and a Skoda passenger… Continue reading Marshall buys Volkswagen and Skoda dealerships from Jardine
Baylis Group sells part-exchange cars through Aston Barclay
Baylis Group has awarded Aston Barclay a solus remarketing contract for 2,000 cars a year Baylis is one of the largest independent Vauxhall dealer groups in the UK with eight branches across Gloucestershire, Herefordshire and Worcestershire. The group is rated 126 in the Motor Trader Top 200 Dealer Groups with annual turnover of £86.4m. As… Continue reading Baylis Group sells part-exchange cars through Aston Barclay
Inchcape opens new Jaguar Land Rover dealership in Derby
Inchcape has opened a new Jaguar Land Rover (JLR) dealership in Derby. The six acre site combines the previous Jaguar dealership next to the former Derby Cattle Market and the Land Rover dealership at Pride Park. Marcus Jones, our head of business at Derby said: “Having worked with the brand for over 20 years, it… Continue reading Inchcape opens new Jaguar Land Rover dealership in Derby
Dealers to wage war on costs in 2020 – ASE
The new year is expected to see a war on costs as dealers strive to maintain profitability in a weak new car market. That’s the view of Mike Jones, chairman of ASE, who said overheads had risen at dealerships during 2019. “Over the past year we have seen an increase in general overheads of 3%.… Continue reading Dealers to wage war on costs in 2020 – ASE
SsangYong Motors UK appoints new dealership to its network
SsangYong Motors UK has added Broadstone Cars to its UK dealer network. The dealership will retail SsangYong’s range of 4x4s and SUVs from its premises in Bridgnorth. Broadstone Ssangyong, a family run business with over 50 years of trading, is situated in the historic town of Bridgnorth in Shropshire bordering the West Midlands, Staffordshire, Herefordshire,… Continue reading SsangYong Motors UK appoints new dealership to its network
Dealers see longer lead times for new cars
Motorists must wait longer than ever for new cars to be built, with only one popular model now available to buy new from a physical dealership and receive in time for Christmas. BuyaCar.co.uk researchers investigated ‘lead times’ – how long it takes between ordering a new car and receiving it – for a number of… Continue reading Dealers see longer lead times for new cars