Hertfordshire-based Brayleys Cars has bought Orpington Honda from Lookers for an undisclosed sum. The acquisition makes Brayleys the largest private Honda franchisee in the UK with eight showrooms and 10 aftersales centres. Orpington joins dealerships in Enfield, St Albans, Hemel Hempstead, Ruislip, Thames Ditton, Ewell, Leatherhead and Romford plus a stand-alone aftersales facility in Grays, Essex. […]
Read More →INEOS Automotive has nominated the partners that will operate the first 24 retail sites in the UK. These are among the first 160 locations to be confirmed in markets around the world. INEOS plans to have 200 Grenadier sales and service sites spanning over 50 countries by the end of 2022. These will include established […]
Read More →Dick Lovett could create 100 jobs in Newport if plans for a new Porsche centre are approved. The “strategically accessible” site near to J28 of the M4 has been the subject of several other planning applications over the past 25 years. It currently lies vacant. The franchised retail group already has Porsche Centre Cardiff, but […]
Read More →Senior BMW UK sources have indicated to our partners Auto Retail Network the company is going down the agency route for their franchised retailers. Our contacts gave no timeframe, but it would follow a successful agency trial in South Africa – led by former BMW UK boss Tim Abbott. “You’ve got to be absolutely clear […]
Read More →Toomey Motor Group saw profit before tax grow from £1m to £2.3m in the year ended December 2021. Turnover was up from £139m to £168m. New vehicle shortages meant the Essex multi-franchise retailer shifted its emphasis to used vehicles, particularly commercial vehicles, “which fed through to increased profitability
Read More →Lookers has revealed record annual results with a pre-tax profit of £90.0 million on a revenue of £4.05 billion for 2021. The results mark a 9% rise in revenue from £3.70bn in 2020 and a marked rise in underlying profit from £13.7m in the previous 12 months. Underlying earnings per share are up from 2.97p […]
Read More →Sytner Group has bought Specialist Cars Holdings for an undisclosed sum. Specialist Cars, represented BMW and Mini in Stevenage, Luton and Tring. It had been under the ownership of Clive Fletcher and Michael Donovan since a management buyout in 1999. They will both now retire from the industry. Clive Fletcher said: ‘We have had an […]
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