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 […]

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The supply of used cars priced over £150k on Auto Trader has “increased exponentially and outpaced demand in the last year”. The number of cars is up 42% year-on-year – but enquiries have fallen 4%. It now takes 80 days to sell cars priced over £150k, a full 24 days slower than the 2022 average. […]

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Constellation Automotive Holdings has offered 400 pence a share for Marshall Motor Holdings. This values the franchised dealer group at £322.9 million. Constellation has already received an “irrevocable undertaking to accept the offer from Marshall of Cambridge (Holdings) in respect of its entire shareholding”.  This represents approximately 64.4% of the PLC dealer group. Constellation is […]

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Vertu owned Macklin Motors has opened a Motornation used car dealership in Glasgow following £1.5m investment in the new site. Macklin Motors Motornation Glasgow, based in Darnley, is situated next to the group’s Ford and Nissan franchise dealerships. The site has space to display 150 cars. It features a workshop with ten ramps for car […]

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Howards Motor Group is opening two new MG franchise dealerships in Taunton and Weston-super-Mare. The new showrooms will join a strong retailer network for the company across south-west England. Howards opened its first garage in 1972 and is renowned for providing an excellent service and recording strong customer loyalty. The company now operates 22 dealerships […]

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Vertu has bought Synter’s four remaining Volkswagen franchise dealerships in England, for £8.8 million. The deal takes Vertu to nine Volkswagen car franchises. Vertu expects the acquisition to be earnings enhancing in the first full year of ownership. Last year, Sytner was operating 12 VW businesses across the UK. However,in November 2019 it sold four […]

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