Greenhous Group has acquired Southampton-headquartered Adams Morey for an undisclosed sum. The Adams Morey business features Fiat vans and Daf Truck sales and also a strong Ford van servicing operation. Greenhous is rated 14 in the Motor Trader Top 200 with annual turnover of £1.05bn. Adams Morey is an established group of commercial vehicle dealerships… Continue reading Greenhous buys Adams Morey van and truck business
Author: Motor Trader Online News
Suzuki appoints now Stratford Upon Avon dealership
Suzuki GB PLC has appointed the Eden Motor Group to its dealer network in Stratford Upon Avon. The site is a 2,000 square-foot dealership and has undergone an extensive refurbishment and modernisation programme. It brings the total number of dealers within the vehicle manufacturer’s nationwide network to 161. Suzuki is the sixth manufactuerer to be… Continue reading Suzuki appoints now Stratford Upon Avon dealership
Dealers slam into reverse with £10k losses in May
Dealer profitability went to reverse in May with the average site turning in losses of £10,000 for the month. The loss negated the gains made in April leaving retailers behind for the overall quarter. According to dealer profitability specialist ASE, a “sizeable cause” of the drop in overall performance was attributable to a hit on… Continue reading Dealers slam into reverse with £10k losses in May
MG Motor UK adds Cinderford dealership to its network
MG Motor UK has added Cinderford MG in Gloucestershire to its franchise dealer network. The dealership offers customers a full suite of sales and aftersales support thanks to a large showroom with space for up to six new cars, along with a six-car workshop for servicing and maintenance. Cinderford MG’s facilities also include two electric… Continue reading MG Motor UK adds Cinderford dealership to its network
Franchised dealers play ‘key role’ in development of EVs
Franchised dealers have a pivotal role to play to boost sales of electric vehicles. That was the main theme discussed by Stephen Latham, head of operations at the National Franchised Dealers Association (NFDA), at the Renewable Energy Association’s EV Experience conference. Latham analysed current consumer attitudes towards electric cars and the challenges they face. He… Continue reading Franchised dealers play ‘key role’ in development of EVs
Pendragon sells California JLR dealership for £28.2m
Pendragon has sold its Jaguar Land Rover dealership in Mission Viejo, California for £28.2m. The deal, which was flagged up in May, is in line with the group’s strategy of selling off its dealerships in the US. Pendragon said work is ongoing on the sale of other dealerships in the US as part of the… Continue reading Pendragon sells California JLR dealership for £28.2m
Richmond acquires Skoda, Suzuki and Mitsubishi dealerships
Richmond Motor Group has acquired Skoda, Suzuki and Mitsubishi businesses near Southampton for an undisclosed sum. The group has bought Skoda, Suzuki and Mitsubishi in Fareham and a Skoda business in Botley from Sparshatts. The businesses will be rebranded as Richmond. A number of the Sparshatts directors have retained the company name and their non-franchised… Continue reading Richmond acquires Skoda, Suzuki and Mitsubishi dealerships
Hyundai axes plans to develop its flagship dealership in London
Hyundai Motor (UK) has pulled the plug on plans to develop its flagship dealership in Brentford adjacent to the M4. It said it had axed the development to focus on “the improvement of business efficiencies ensuring sustainable growth for the future.” Avison Young and TT&G Partners have been instructed to sell the freehold interest in… Continue reading Hyundai axes plans to develop its flagship dealership in London
MG Motor UK sets implements EV standards across UK dealers
MG Motor UK has rolled out its Hybrid and Electric Vehicle Standards to support its network of dealerships across the UK. The new standards include an overview of hybrid and electric vehicle training, as well as requirements for electric vehicle charging at dealership sites. They are designed to equip MG’s existing sales staff and technicians… Continue reading MG Motor UK sets implements EV standards across UK dealers
Motorway launches new dealer stock acquisition platform
Motorway has today announced the launch of its dealer stock acquisition platform Motorway Pro, as well as an £11m funding round from technology investors. Motorway Pro platform allows consumer sellers to see offers from dealers, alongside instant prices from online car buyers. Dealers can bid for a vehicle submitted by seller over a 24 hour… Continue reading Motorway launches new dealer stock acquisition platform