Stoneacre Motor Group has followed-up its January acquisition of Nottingham’s Chris Variava dealership complex with the completion of a deal to secure Burrows Motor Group’s Hyundai and Fiat franchises in Sheffield.
Author: Automotive Manager Online News
Stoneacre Motor Group begins 2018 acquisitions with Chris Variava multi-franchise takeover
Stoneacre Motor Group is once again on the “acquisition trail” after securing the whole of Nottingham-based Chris Variava car dealership operation for an undisclosed sum.
Stirling of Hereford acquired by Ponthir Suzuki and Honda
Stirling of Hereford has been acquired by Ponthir Suzuki and Honda following Motorline earlier acquisition of the group’s Hyundai dealership.
DM Keith adds Honda to portfolio with Westgate Motor Company acquisition
DM Keith has acquired Grimsby’s Westgate Motor Group in a move which sees the group expand the size of its portfolio to ten franchised dealership sites.
Donnelly Group acquires County Londonderry Vauxhall franchise from Eakin Bros
Northern Ireland’s Donnelly Group has acquired Eakin Bros’ County Londonderry Vauxhall franchise in an expansion which saw it claim to be “the home of Vauxhall in the North West”.
Mazda celebrates 38% increase in profitability for UK car dealer network
Mazda Motors UK has celebrated a 38% average increase in profitability across its UK car dealer network during 2017 – despite falling registrations.
Gumtree and eBay used car selling platforms to operate as one following merger
Gumtree and eBay will operate as one business after merging to offer car retailers exposure across two platforms when listing vehicles for sale. Gumtree this week claimed to be the fastest-growing classifieds marketplace for motors in the UK, with six million users a month visiting the site’s Motors offering, while 3.7 million users a month visit eBay… Continue reading Gumtree and eBay used car selling platforms to operate as one following merger
Millers Oils Ltd acquires Fuel Additive Science Technologies Ltd
Millers Oils Ltd has announced the acquisition of Fuel Additive Science Technologies Ltd (FAST). By acquiring FAST, Millers Oils – the independent blender and supplier of advanced oils, lubricants and fuel treatments – will also take ownership of the established Exocet brand, a range of fuel additives and treatments used in a wide range of… Continue reading Millers Oils Ltd acquires Fuel Additive Science Technologies Ltd
JCB Group acquires Hidsons to expand with new franchise partners
JCB Group has added Kia, Citroen, Mitsubishi and SsangYong to its list of franchise partners with the acquisition of the family-owned Hidsons Group. The acquisition of the £45 million turnover (2016) Hidsons Group’s operation in North Kent was hailed as “a perfect fit, both culturally and geographically” and add a further six dealerships to the group… Continue reading JCB Group acquires Hidsons to expand with new franchise partners