Penske Automotive Group has agreed to acquire Rybrook Group’s 15 premium dealerships in the UK. The Rybrook portfolio consists of four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche dealership. Three of the BMW locations also retail BMW Motorrad motorcycles. The dealerships to be acquired represent an estimated […]
Read More →Later today, the latest Auto Retail Live webinar will focus on the outlook for trading in 2024. Discussion points at 2pm will include new car supply, the ZEV Mandate, consumer confidence and behaviour, used car values and the best metrics and KPIs businesses should be using. Peter Vardy COO James Brearley, Marubeni Auto Investment UK […]
Read More →Mark Raban has resigned as CEO of Lookers and will leave the group at the end of this year. The announcement comes as the retailer has also announced around 200 redundancies linked to the privatisation of the business. A spokesman for Lookers said: “A number of people linked to the central support function of running […]
Read More →Pre-registered new Mercedes still exist under its agency model, a practice that was supposed to have stopped with the new retailer agreement. Cars advertised as “nearly new (pre-reg)” with 100 miles on the clock can be found on price comparison sites. Registered cars with less than 100 miles can also be easily found on new and used […]
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