Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum. The AM100 2019’s 69th-ranked retailer by turnover has grown its representation with the Volkswagen Group’s Czech brand to three locations with the deal. Citygate’s acquisition of the facility, on Great West Road, Brentford, comes nine months after its acquisitions… Continue reading Citygate Automotive acquires Lookers’ West London Škoda car dealership
Author: Automotive Manager Online News
Vertu Motors completes Sandicliffe Kia Nottingham dealership acquisition
Vertu Motors has completed the acquisition of Sandicliffe Motor Group’s Kia dealership in Nottingham. The newly-added site, on Vernon Rd, Old Basford, Nottingham, is the AM100 PLC’s third network addition with the Korean car brand completed so far in 2020. Taking to Twitter to announce the completion of the deal this lunch time, Vertu chief… Continue reading Vertu Motors completes Sandicliffe Kia Nottingham dealership acquisition
Swansway Garages acquires Inchcape Volkswagen dealership in Oldham
Inchcape has continued its recent string of UK dealership disposals with the sale of its Oldham Volkswagen car franchise to Swansway Garages. Confirmation of the sale comes just a month after AM reported that Arden was poised to acquire Inchcape’s Cooper BMW and Mini car dealerships in Tunbridge Wells in the latest of a series… Continue reading Swansway Garages acquires Inchcape Volkswagen dealership in Oldham
Estar Truck and Van save 340 jobs with Roanza dealerships acquisition
Estar Truck and Van have acquired certain parts of the Roanza Mercedes-Benz commercial vehicle franchised dealership goup and its subsidiary Premier Vehicle Rental Limited – saving 340 jobs. Sarah O’Toole and Jason Bell of Grant Thornton UK LLP in Manchester were appointed joint administrators to Roanza Limited and Premier Vehicle Rental yesterday (September 8) and… Continue reading Estar Truck and Van save 340 jobs with Roanza dealerships acquisition
Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group. The AM100 retail group told AM that the acquisition had been postponed following the outbreak of COVID-19 coronavirus but was completed last week under the deal’s initial terms. “A… Continue reading Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group
Auto Trader looks to automate car sales journey with AutoConvert acquisition
Auto Trader is targeting further automation of the car sales process following the acquisition of finance, insurance and compliance software platform AutoConvert. The AutoConvert platform, which also features integrated customer relationship management solutions, claims to help its customers to both increase finance penetration and to reduce costs by automating the full customer journey for the automotive sector.… Continue reading Auto Trader looks to automate car sales journey with AutoConvert acquisition
Cazoo’s Imperial Cars acquisition followed by consultation over redundancies
Imperial Cars has begun to consult its staff over widespread redundancies just two weeks after its acquisition by online car retailer Cazoo. AM understands that up to 300 jobs could now be at risk at the 18-site independent car retail group as the business moves towards a more digital-led sales process in-line with the ethos… Continue reading Cazoo’s Imperial Cars acquisition followed by consultation over redundancies
PSA Aftermarket acquires used parts business Amanhã Global
PSA Aftermarket has acquired Portuguese used car parts specialist Amanhã Global and its e-commerce platform B-Parts.com. The acquisition will strengthen PSA’s aftermarket offering by allowing it to meet the expectations of all after-sales customers worldwide, regardless of their purchasing power, make or age of their vehicle. PSA Aftermarket intends to be able to supply automotive… Continue reading PSA Aftermarket acquires used parts business Amanhã Global
Is Cazoo’s Imperial Cars acquisition proof pure online retail isn’t viable?
I did consider picking this topic for my blog last week – the acquisition of Imperial Car Supermarkets in the UK by online used car start-up Cazoo last week. The rumours were circulating last weekend, but not confirmed until Monday. We know Imperial quite well, and Neil Smith, their Operations Director, spoke at our Autumn… Continue reading Is Cazoo’s Imperial Cars acquisition proof pure online retail isn’t viable?
Cazoo completes acquisition of car supermarket group Imperial Cars
Online car sales start-up Cazoo has completed the acquisition of £201.4 million turnover, 18-site used car supermarket group Imperial Cars. Completion of the deal comes just weeks after Cazoo became one of the fastest UK businesses ever to achieve a $1 billion (£800.8 m) valuation – just six months after its launch – and creates… Continue reading Cazoo completes acquisition of car supermarket group Imperial Cars