Penske, which owns Sytner in the UK, has bought Bill Brown Ford of Michigan, the world’s largest Ford retailer by sales volume. Established in 1941, it will add $550m (£425m) to Penske’s revenue. The Bill Brown name will remain on the business.

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James Brearley has been appointed managing director of Lookers following the takeover of the group by Canadian Kuldeep Billan’s Alpha Auto Group at the end of last year. James Brearley The appointment fills the gap left by former Lookers chief executive Mark Raban who left at the end of 2023. Lookers also lost chief operating officer Duncan […]

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Major new Chinese new entrant brands showcased their product line-up at this year’s Goodwood Festival of Speed – an event which other major OEMs chose to skip. BYD, Denza, Hongqi, Jaecoo and Omoda all had huge stands at the popular annual events, and also took part in live demonstrations up the famous Goodwood hillclimb. Denza and Jaecoo […]

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Remarketing firm Autorola predicts used Diesel values are set to rise on the back of falling new Diesel car sales. Used demand and prices were “very strong” in Q2 and it forecasts the market will eventually reach a tipping point where used Diesels rise in price due to restricted supply.

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Snows Motor Group has taken on the Chinese BYD brand in Basingstoke, joining its BYD Southampton dealership. The new showroom is next to Snows’ existing Peugeot dealership in Aldermaston Road South. BYD models currently available in the UK are Dolphin, Atto 3 and Seal, and are on display. The Seal U DM-i is a plug-in […]

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Arnold Clark has opened a new Motorstore in Chertsey near London. This is on a former Cazoo site. Brand Director at Arnold Clark, Sammy Ali, said: ‘We’re extremely excited to have opened our first Motorstore near London, especially in a location that’s so easily accessible from the M25 and M3 motorways. Our customers can expect […]

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US retailer Group 1 Automotive has bought Mercedes retailer L&L Automotive for an undisclosed sum. L&L operates four Mercedes agency sites north of London in Hertford, Stevenage, Hemel Hempstead and Bishops Stortford. Group 1 already operates five Mercedes sites to the east of the L&L locations in Cambridgeshire and Norfolk. Commenting on the purchase, Group […]

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Cazoo will hold an EGM on 2 July seeking approval for the company’s dissolution. The company warned of risks and uncertainties in the winding-up process, including the possibility shareholders may not realise any value from their shares, and creditors may not fully recover their claims.

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Vertu Motors reported a strong trading performance with car retail sales business up 6.8% for the three months to May for like-for-like. Commercial vehicle and fleet like-for-like had a volume growth of 6.4% while used sales rose 6.7% on a like-for-like basis. The increased volumes included low margin Motability business with margins reduced to 7.4% […]

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As exclusively revealed by Auto Retail Agenda last November, Lotus has switched back to the franchise model for its UK retail network after two years under an agency agreement, according to its retailers. Lotus joins a growing number of brands that have backed away from agency or delayed its introduction – including the Stellantis brands, Ford, JLR […]

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