Stoneacre Motor Group acquired the RMB Motor Group on June 1st. The franchise dealer group will take over the Toyota and Lexus showrooms in Stockton on Tees and the Renault and Dacia dealerships in Northallerton and Darlington. There is also a used car and body repair centre in Yarm. All RMB staff, except directors, have […]
Read More →Brayleys Cars has more than doubled its representation of Honda with the acquisition of Thames Honda for an undisclosed sum. The Hertfordshire-based retail group, which welcomed Dubai’s AW Rostamani Group as a majority shareholder the end of 2018, has added four more sites with the Japanese car brand with completion of the deal this week. The purchase […]
Read More →Suzuki GB PLC has expanded its nationwide retail network with the appointment of Greg Mitchell Motors in County Tyrone. This brings their total number of dealerships in Northern Ireland to seven, and to 157 locations across the UK. The independent car retailer has enlarged & modernised its Strathbane site to create a state-of-the-art 12-car showroom. […]
Read More →Arnold Clark, the country’s fourth largest franchised retail group has acquired Phoenix Car Company. All six dealerships and current staff will be absorbed by the Scottish group. Eddie Hawthorne, Arnold Clark’s chairman & chief executive, said “I can confirm we are working with Phoenix to transfer some business assets and all existing employees. We are also working […]
Read More →MG Motor UK has continued to achieve growing sales figures throughout the month of May. The Society of Motor Manufacturers and Traders (SMMT) revealed results confirming that MG continues to outperform the new car market. Their year-to-date volume increase of 103% compared with the first five months of 2017. MG’s registrations have more than doubled […]
Read More →Lookers plans to acquire more dealerships following record financial results for 2016. Revenue for 2016 increased 17% to £4.3 billion, up from £3.65bn in 2015. Andy Bruce, Chief Executive, says he will now concentrate on growth through acquisitions in the year ahead. He commented: “Generating shareholder value through acquisitions is one of the things we do best. […]
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