OEMs who have moved to agency are yet to be fully tested on their skills at selling cars compared to traditional retailers. “The lessons learned are limited when supply is restricted,” said the ICDP’s Steve Young during a panel discussion at the Automotive News Europe Congress. It has been easy for OEMs such as Mercedes-Benz […]
Read More →Toyota has issued termination notices for its six franchises held by Arnold Clark. It’s expected that Vertu’s Macklin Motors will pick up the manufacturer in Scotland. The franchised dealerships concerned in Aberdeen, Ayr, Paisley, Stirling and two in Glasgow have not been sold to another group. It is understood staff at the dealerships have been […]
Read More →Derbyshire’s Ron Brooks Group has reported a pre-tax profit record of £1.24m for the year ended June 2021. This is up 69% on 2020, on turnover of £34.2m and represents a 3.6% return on sales. The franchised dealer group stresses it has no debt and £5m in cash reserves. They state they are “well positioned […]
Read More →Marshall Motor Group have opened their new multi-million pound Toyota and Lexus dealership in Bristol. The new franchised dealership is in a prominent location on Hayes Way, close to The Mall Cribbs Causeway, Bristol. Toyota Bristol (Cribbs) and Lexus Bristol is packed with technology and the contemporary centre design heralds a new age of customer […]
Read More →Stoneacre have taken over Hodgson Motor Group. The multi award winning dealership group represented Toyota, Mazda and Suzuki. Their five showrooms are located in Newcastle and Gateshead and offer an impressive range of new, nearly new and approved used cars for personal or business use. The groups turnover last year was £76.8m which was a 15% […]
Read More →Isle of Wight retailer, Leslies Motors, is planning to open a new showroom on the outskirts of Newport. Leslies has applied for planning permission to redevelop a yard at Blackwater, formerly used by a plant hire business. The franchise has yet to be announced, but it is understood it will either be Toyota or Hyundai. […]
Read More →St Leonards Motors Group, based in South East England has bought the East Anglian family owned Dingles Motor Group. Dingles had franchises for Hyundai, Toyota, Lexus and Isuzu. Companies House records show Dingles posted a pre-tax loss in both 2014 and 2015 of £270,000 and £455,000 respectively. Turnover for 2014 was £35.2 million and £36.4m […]
Read More →Family-owned auto retailer Snows Group has acquired two new Toyota operations, increasing the company’s network to 30 sites. The Chichester and Waterlooville businesses have been purchased from WKB Group for an undisclosed sum, as Director David Kilby has taken the decision to retire. These new operations join six existing Snows Toyota retailers located across the […]
Read More →Motorline Group has acquired Westlands Motor Group, a move that increases Motorline’s portfolio from 36 to 43 retailer outlets. The deal, which was completed for an undisclosed sum, includes three Hyundai and four Toyota sites and sees the group expand from its traditional South East base into the South West and the Midlands. Founded in […]
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 […]
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