Inchcape is understood to be working on a plan to dispose of up to a fifth of its UK franchised dealerships. The decision is part of a strategy to “right size” the group and secure its future. This follows their poor financial results earlier this year. Sources claim at least five of the firm’s Volkswagen […]
Read More →Following its recent acquisition of the Citroen and Peugeot City Motor Holdings retailer in Basingstoke, Snows Group has become the largest auto retailer in the area and increased its businesses to thirty four sites across the South and South West. The company’s latest activity follows the acquisition of the Car Shop’s Seat operation, trading as […]
Read More →Snows Group has added a new van centre to its business portfolio. The auto retailer has opened a Volkswagen Van Centre, located in Plymouth’s Langage Business Park, and it marks the first business of its kind for the retailer. Speaking at the showroom’s opening night celebrations, Group Board Director, Phil Maddison, said: “The launch of […]
Read More →Derbyshire-based auto retailer Gordon Lamb Group has been bought by Vertu Motors. The £18.7 million deal allows Vertu to expand its reach in the North of England, while the group has added Skoda, Nissan, Toyota and Land Rover franchises to it expanding portfolio. The transaction also included £8.3 million of goodwill and freehold properties valued […]
Read More →Pendragon, the UK’s largest auto retail group, has seen its 2015 underlying gross profit increase 5.0% on turnover figures up 11.3% against 2014, according to the group’s year-end financial figures. Turnover hit £4.45 billion in 2015 with gross profit of £548.9 million. The underlying profit before tax was up £9.9 million (+16.4%), from £60.2 million […]
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