The family owned franchised dealer group, Victor Wood Group has been bought by Wilson and Co (Kia) Ltd,  trading as Drayton Motors. Victor Wood operated the Kia dealership in Grantham. This is Drayton Motors third Kia dealership, as they already represent the brand in Boston and Louth. Tim Griffin, Managing Director said “ After nearly […]

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Cazoo is investigating going public with an IPO valuation potentially more than £5bn. It is working with bankers on options, which could involve a London listing, or a merger with a New York-listed special purpose acquisition company, or SPAC. Sky News says any move would not take place until much later in the year. Shares […]

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Mercedes-Benz Retail Group has posted a £35.8m loss for the year ended December 2019, up from a £21.2m loss in 2018. Turnover was broadly even at £1bn. The retailer blamed a £17.1m write off related to a re-evaluation of its properties, and a targeted 20% reduction in low-margin corporate business. Reduced customer demand and MBRG’s […]

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The new Marshall SEAT & CUPRA Oxford is now open. This new franchise dealership is further investment in Marshall’s SEAT portfolio which already includes Braintree, Cambridge and Leicester. The site, a vacant Vauxhall dealership, is between Marshall’s Jaguar Land Rover and Volkswagen retailers, on Milton Gate, Milton Park, Abingdon.  Milton Park is the UK’s largest […]

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Franchised dealer group JCT600 is now representing iconic British motoring brand MG Motor UK on Sticker Lane, Bradford. Whilst current lockdown restrictions are in place, the full range of vehicles are still available to view, reserve and buy online at www.JCT600.co.uk. Customers are able to use JCT600’s ‘click and collect’ or trusted home delivery service.  Service, […]

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MG Motors has announced plans to expand its franchise dealer network to 130 by the end of 2021. The manufacturer increased sales by 40.84% in 2020 despite the market’s 29.4% fall.  They will add “at least a further 10” retailers this year, after 28 signed up during the past 12 months. They include Glyn Hopkin […]

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Robert Forrester CEO of Vertu Motors says the franchised retail group is selling more than 2,000 retail cars a week through click and collect. This is happening without anyone visiting a showroom prior to sale. “Our tech and trained sales teams are doing a job unimaginable this time last year”.  The retailer has also launched free […]

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Franchise car dealer group Peter Vardy is ending its partnership with Vauxhall. The six Vauxhall sites will become used car supermarkets under the new brand name Carz. A statement issued by Peter Vardy said that the new direction – including the rebrand of its existing CarStore locations – would “double the group’s annual used car […]

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England’s new Tier restrictions have been descried as “another blow to Covid-secure auto retail” by SMMT chief executive Mike Hawes, who added with frustration: “But you can still buy your Christmas tree.” The restrictions require non-essential businesses, which includes vehicle showrooms, to close. However, click-and-collect services, where goods are pre-ordered and collected off the premises, can […]

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Vertu have completed the purchase of five BMW and Mini businesses from Inchcape. Included in the deal is one BMW Motorrad business and a used car site. It is understood that Vertu paid less than £1 million in goodwill for the businesses. The financing for the dealerships is said to be supported by a long-term […]

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