Franchised dealer profits in October were up by £7,500 in October year-on-year. Average dealer profits from the month were £6,000, compared to a £1,500 loss in October 2017, according to data from ASE Global. Its chairman Mike Jones said: “This appears to be directly related to the unwinding of the WLTP supply issues with a… Continue reading Dealers made money in October but profitability remains in decline
Author: Automotive Manager Online News
Richmond Motor Group completes Drayton dealership acquisition
Richmond Motor Group has completed the acquisition of a former Fiat and Abarth showroom in Drayton. The Southampton-based car retail group recently added the MG Motor UK brand to its portfolio in Portsmouth and Southampton and looks set to expand its representation with Citroen and Hyundai following the purchase of the new facility on Havant… Continue reading Richmond Motor Group completes Drayton dealership acquisition
Lotus Cars dealer acquires Proteus Sports & Racing Cars
Lotus Cars franchisee Hoffmann’s of Henley has acquired Jaguar C-Type sports car builder Proteus Sports & Racing Cars. The retailer, based on Newton Road, Henley-on-Thames is well-known for operating a classic car maintenance, restoration and sales business alongside its Lotus Cars new car showroom but has now added the small-scale manufacturing business to its portfolio.… Continue reading Lotus Cars dealer acquires Proteus Sports & Racing Cars
Aston Barclay acquires The Car Buying Group
Aston Barclay has expanded into the consumer car buying sector with the completion of its acquisition of The Car Buying Group (TCBG). TCBG buys over 10,000 used cars nationwide on behalf of car owners and features at number 20 in the 2018 Sunday Times Tech Track 100 list of the UK’s fastest-growing private technology companies.… Continue reading Aston Barclay acquires The Car Buying Group
Waylands Automotive acquires Johnsons Cars’ Volvo Oxford dealership
Waylands Automotive has acquired Johnsons Cars’ Volvo Oxford car dealership to extend it operations to four sites – all with the Swedish premium brand. Waylands completed the acquisition of the Botley Road franchised site on October 5 and is set to realise plans to move the facility to a new 17-car showroom just a short… Continue reading Waylands Automotive acquires Johnsons Cars’ Volvo Oxford dealership
Lookers grows Ford representation with Pollendine Motors acquisition
Lookers has expanded its representation of the Ford brand with the acquisition of Essex-based franchised car retailer Pollendine Motors.
Johnsons acquires TH White Motor Group for undisclosed sum
Johnsons Cars has acquired TH White Motor Group and adds the Jeep and Fiat Commercial franchise to its business for the first time as a result.
Startin Group opens first Suzuki franchise following acquisition of Hylton-owned St Peters
Startin Group has opened its first Suzuki franchise following its acquisition of the Hylton Group-owned St Peters Suzuki in Worcester.
Burrows Motor Company acquires L&S Copcutt Toyota in Worksop
Yorkshire-based Burrows Motor Company has added a fifth Toyota dealership to its network with the acquisition of L&S Copcutt in Worksop.
Assurant completes $2.5 billion acquisition of The Warranty Group
The Warranty Group has been acquired by New York-based insurance specialist Assurant in a move which aims to “further cement” its global lifestyle growth strategy.