Pendragon has announced that it will be disposing of its trade and assets of its Chevrolet motor vehicle dealership located in Puente Hills, California. Scott Biehl, the operator of a privately owned dealership group, will purchase the site for approximately £17.2m. Pendragon has said that the transaction is in line with its stated strategy of… Continue reading Pendragon to sell California Chevrolet dealership for £17.2m
Author: Motor Trader Online News
Dealers remain positive for Q3 following lacklustre July
Dealers have reported signs of a positive start to Q3, following the the -4.1% decline in new car registrations in July. It was the fifth consecutive month of decline for the sector and the worst July sales performance for seven years. Cox Automotive’s July Market Insight reported a 40% increase in online activity and 60% improved… Continue reading Dealers remain positive for Q3 following lacklustre July
Dealers’ overage stock declines as days in stock increases
Overage stock is on the decline, with 83% of dealer reporting a fall in overage used cars as a result of supply and taxation deals. Data from Cox Automotive shows stock has started to return to the wholesale sector, with 43% citing a decline in consumer demand. Days in stock have also increased by 40%.… Continue reading Dealers’ overage stock declines as days in stock increases
Pentagon doubles Peugeot representation with acquisition
The Pentagon Motor Group has acquired two additional Peugeot locations, doubling its representation with the brand. The Pentagon site in Barnsley will become the main Peugeot dealership for the area with immediate effect, while its Lincoln multi-franchise site will also add the French brand from the start of September. The acquisition now brings Pentagon’s total… Continue reading Pentagon doubles Peugeot representation with acquisition
Ssangyong adds Rogate dealership to its UK network
Ssangyong has added Rogate Ssangyong to its UK dealer network. Rogate SsangYong, located on the A272 between the towns of Petersfield and Midhurst, has been established as a Renault franchised dealer since 1979. During this time, the dealership has won various awards for its customer service and, more recently, for an industry leading apprenticeship programme.… Continue reading Ssangyong adds Rogate dealership to its UK network
Brayleys hits acquisition trail with Thames Honda deal
Hertfordshire-based Brayleys Cars has bought Thames Honda for an undisclosed sum. It is Brayleys’ first acquisition since the Dubai-based AW Rostamani Group became its majority shareholder in 2018. The Honda dealerships are located in Ruislip, Ewell, Leatherhead and Thames Ditton. They join Brayleys’ three existing Honda franchises in Enfield, St Albans and Hemel Hempstead. Brayleys,… Continue reading Brayleys hits acquisition trail with Thames Honda deal
38% of dealers plan to buy less used diesel stock
Declining demand for diesel stock is starting to impact the used car market according to the latest NextGear Capital sentiment survey. Almost a third of dealers surveyed reported experiencing a fall-off in demand for diesel stock. A fifth expect demand to decrease more in the next six months compared to the first half of the… Continue reading 38% of dealers plan to buy less used diesel stock
Lamborghini hits 10 UK dealerships with Reading re-opening
Automobili Lamborghini has officially re-opened its Pangbourne, Reading dealership. The dealership, which originally opened in 2013, has reopened thanks to a significant investment by parent company HR Owen Plc. It brings Lamborghini’s UK dealer network to 10 sites. Andrea Baldi, Automobili Lamborghini EMEA CEO, said: “Lamborghini Pangbourne provides significant coverage in the south east of… Continue reading Lamborghini hits 10 UK dealerships with Reading re-opening
ŠKODA launches new Digital Assistant app for all UK dealers.
ŠKODA has launched its new Digital Assistant app across all 123 UK retailers. The launch follows successful trials at five sites that demonstrated an increase in customer satisfaction. The app, which has been designed by Somo, aims to help overhaul the sales process in showrooms, creating a frictionless, personalised, information-rich customer journey. At pilot showrooms… Continue reading ŠKODA launches new Digital Assistant app for all UK dealers.
Inchcape sells Volkswagen dealerships in Essex to Group1
Inchcape has disclosed of Volkswagen car and van franchises in Essex to US giant Group 1 for an undisclosed sum. The acquired dealerships are located in Chelmsford, Colchester, Romford and Southend. This acquisition is expected to generate approximately $115m (£93m) in revenues for Group1. The addition of these stores increases Group1’s UK operations to 49… Continue reading Inchcape sells Volkswagen dealerships in Essex to Group1