AutoProtect Group has appointed former Aviva managing director Matthew Briggs as its new chief executive after extending its portfolio of services with the acquisition of DealTrak. Owned by Correlation Investments Limited (CIL), AutoProtect Group is a leading provider of insurance and warranty products worldwide, and the re-organisation of CIL’s motor assets in December 2018 saw… Continue reading AutoProtect Group acquires DealTrak and appoints new CEO
Author: Automotive Manager Online News
Pentagon acquires Sytner’s Seat dealership in Huddersfield
Pentagon Motor Group has continued its 2019 car dealer network expansion by completing the acquisition of Sytner Group’s Seat UK franchised location in Huddersfield. The AM100 retail group, which was acquired by the vehicle division of Imperial Holdings SA, the Motus Corporation, back in August 2017, has followed its addition of three Ford sites, a Vauxhall dealership and… Continue reading Pentagon acquires Sytner’s Seat dealership in Huddersfield
Sytner sells four Volkswagen sites and will close one more
Sytner Group is cutting its Volkswagen representation by a third, by closing one dealership and selling four to Johnsons Cars. The dealerships bought by Johnsons Cars are at Liverpool, Warrington, Stafford and Stoke-On-Trent. Sytner will shut Halifax Volkswagen at the end of this month, leaving it with four remaining Volkswagen dealerships in Yorkshire, two in… Continue reading Sytner sells four Volkswagen sites and will close one more
Sturgess Motor Group sells Volvo Leicester dealership amid 2018 losses
Sturgess Motor Group has completed the sale of its Volvo Car UK franchise in Leicester to TMS Motor Group after revealing a pre-tax loss of £1.26 million in its 2018 annual financial results. Sturgess, which last year celebrated 120 years of trading and also represents Jaguar Land Rover (JLR), Hyundai, Suzuki, Fiat, Alfa Romeo and Abarth,… Continue reading Sturgess Motor Group sells Volvo Leicester dealership amid 2018 losses
The importance of maximising aftersales to boost profitability
Advertisement feature from CDK Global Today’s dealers must consider how they can work smarter to maximise aftersales profitability and stay a step ahead of their competitors. The good news is that CDK Global has a suite of products which will enable retailers to capitalise on this opportunity by personalising experiences, streamlining processes and putting the… Continue reading The importance of maximising aftersales to boost profitability
Auto Trader acquires software and data firm KeeResources
Auto Trader has bought KeeResources, one of its data suppliers, in a move it hopes will help make consumers’ car buying experience better. KeeResources, founded in 2000, provides software, data and services to the automotive industry. Auto Trader uses KeeResources’ detailed vehicle taxonomy dataset for new and used cars to power its vehicle marketing platform.… Continue reading Auto Trader acquires software and data firm KeeResources
WMS Group acquired by roadside assistance specialist Opteven Group
WMS Group is set to be wholly acquired by Europe’s second-largest Mechanical Breakdown Insurer (MBI) subject to formal approval of the deal from The Financial Conduct Authority (FCA). Opteven, based in Lyon, France, currently operates in eight international markets via its offices in Warrington, Milan, Madrid and Berlin and already has an established operational presence… Continue reading WMS Group acquired by roadside assistance specialist Opteven Group
Buyacar identifies 40% price cuts on unsold ’19-plate cars
Franchised car retailers are offering discounts of up to 40% of a vehicle’s original list price in an efforts to offload their pre-registered 19-plate stock during the September ‘plate change month. Online retail portal Buyacar has highlighted consumer deals across a variety of brands in recent analysis of the market and identified Audi as one of… Continue reading Buyacar identifies 40% price cuts on unsold ’19-plate cars
Renault cuts 2019 targets after H1 profit and revenue decline
A 6.4% H1 2019 decline in revenues and 11.8% dip in operating profit during the first half of the year have prompted Renault to cut its sales targets for the full year. The French car manufacturer’s total revenues in the period to June 30 slipped to €28.1 billion as its operation profit declined to €1.5bn.… Continue reading Renault cuts 2019 targets after H1 profit and revenue decline
Nissan confirms 12,500 global job cuts
Nissan’s Sunderland car manufacturing plant appears to have avoided a new round of job cuts as the Japanese car brand announced that it plans to shed 12,500 employees worldwide. The job losses, which will be implemented over the course of the next three years, will see around one-in-10 of the manufacturer’s workforce dispensed with following… Continue reading Nissan confirms 12,500 global job cuts