Caffyns has agreed to dispose of its freehold premises at Brooks Road, Lewes, to Lidl for £4.65m. Its Lotus Sussex business had been operated there since 2021, and will continue to do so until relocation in October 2025. Caffyns’ pension fund, which is in deficit, will receive £2.4m of the consideration.

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Vertu Motors has announced it is expecting to pay £12.5 million for an AM100 car dealer group almost doubling its partnership with Toyota. After 25 years of trading Burrows Motor Group has been bought by Vertu Motors bringing the end to the Burrows brand on car dealerships. All the acquired sites will be rebranded Vertu. The […]

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Sytner saw profit before tax fall from £179.9m to £125.9m in the year ended December 2023. Revenue grew from £6.8bn to £7.4bn. The directors described the trading performance as “mixed”. Profit was down largely due the cost pressures driven by high inflation – higher interest on the group’s borrowings saw interest increase to £48m, up […]

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The Summer 2024 edition of the NFDA Dealer Attitude Survey will be released today (Monday 28 October) at 9am. It is expected to show a general upward trend across most questions, with responses from more than 2,200 retailers across over 30 franchised networks. There will be significant improvements for some brands, as rankings both at […]

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AM100 retail group Drive Motor Retail is in high spirits after earning several prestigious awards highlighting its huge commitment to excellence. The company’s Darlington team recently took home the Stellantis Manufacture “Stellar” Accident Repair Programme Award 2024, while the Bury St Edmunds site secured the Southeast Enterprise “Best Customer Repair Partner” Award 2024. Drive Motor Retail […]

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Mystery surrounds the sudden closure of Evans Halshaw Ford Northwich. It is believed the site was permanently closed on 15 October, with its last Facebook post – to advertise the new Capri – on 14 October. Ford declined to comment to The Sun and Evans Halshaw told Chester Live it was not able to comment. Evans […]

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Without government incentives to stimulate retail and LCV electric vehicle demand, Ford could be forced to cut the supply of petrol and diesel cars, according to Ford managing director Lisa Brankin. Speaking to Auto Retail Agenda, Brankin said that the Vehicle Emissions Trading Scheme (VETS), that’s linked to the ZEV Mandate, was her number one […]

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Stellantis chairman John Elkann has started a search for CEO Carlos Tavares’ successor. His contract runs out in early 2026. Stellantis said it was “normal to initiate a search” and it was possible Tavares could stay after that. Pressure on Tavares is increasing and Elkann is reportedly increasingly dissatisfied with the situation in North America, […]

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Used car supermarket group Big Motoring World, is consolidating its two Peterborough dealerships into one site. Its north Peterborough dealership in Werrington had been its prestige brand specialist, while its Fengate dealership in the south of the city focused on mainstream cars. Both were SW Car Supermarket sites which Big Motoring World acquired in 2021. This […]

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Lookers owner, Global Auto Holdings, is reportedly nearing a deal to buy one of Denmark’s largest retail groups, KW Brunn Import for $1.2bn (£900m) including debt. The deal could be announced as soon as Friday. Global Auto Holdings, owned by Kuldeep Billan, last year purchased Lookers for £504m. Billan also owns Canada’s Alpha Auto. The […]

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