Rygor Group has been bought out by the management team, John Keogh, who was previously Rygor’s sales director and Rish Channa, previously head of truck sales at Rygor. As of Wednesday, 9 November 2022, Keogh has become Rygor’s managing director, with Channa named commercial director. Keogh said: “As you can imagine, this is an extremely exciting time for us and ...
Read More »Group 1 rebrands Barons & Chandler BMW and Mini centres
Group 1 has rebranded its Barons & Chandlers BMW and Mini Centres as Group 1 BMW Group 1 Mini. Group 1, which is now the seventh largest dealer group in the UK, said it was in line with its values at the core of the business. In a statement it said: “Our Barons & Chandlers BMW Centres are part of ...
Read More »Stellantis UK makes sweeping management changes
Stellantis UK has carried out a restructuring of its UK operations to come into effect in January 2023. The group has created a new premium brand business for Alfa Romeo and DS Automobiles to deliver an agency model for the two brands from next year. The mainstream brands – Citroën, Fiat & Abarth, Jeep, Peugeot and Vauxhall – will remain ...
Read More »Stellantis to lose 138 sites by mid 2023, further investor reductions expected
Stellantis is pushing ahead with the overhaul of its UK operations with fewer partners operating more contiguous territories and a bigger emphasis on multi-franchising. By mid-2023 it will have lost 138 retail sites in the UK. It said further reductions in investors can be expected and that customer satisfaction was the driving force behind the restructuring. The group yesterday announced ...
Read More »Used BEVs ‘slowest selling’ fuel type in September
The demand for used BEVs in the UK has declined due to the cost-of-living crisis according to the latest INDICATA Market Watch used car insights report. BEVs have moved from being the fastest-selling fuel type in August to the slowest-selling in September as the market turned to buying cheaper used petrol and diesel cars. “Whether it is the soaring energy ...
Read More »Endeavour expands Suffolk footprint with Turners acquisition
Endeavour Automotive has added two new Hyundai businesses to its network with the acquisition of Turners in Suffolk. John Caney, Endeavour Automotive, took to LinkedIn to announce the news. He said: “Delighted to announce this morning the acquisition of two Hyundai businesses and body shop from Turners of East Anglia, expanding the group’s footprint into Suffolk. The deal taking the ...
Read More »Marshall posts £96.2m PBT in first results since takeover
Marshall has posted an underlying profit before tax of £96.2m, up from £20.9m (31 December 2020). In the 15 months to 31 March 2022, the company saw revenue grow to £3.8bln from £1.6bln (2020), in a period that was extended because of its takeover and de-listing from the London Stock Exchange. Marshall said that “unprecedented used vehicle value appreciation and ...
Read More »BLOG Consistent excellence – Arnold Clark
Last week, Arnold Clark filed their financial results for calendar year 2021. As a private company, there was no press release or media event associated with this – they were just filed with Companies House. We know that the last year or so has been remarkably good for dealers due to the combination of government support during the pandemic restrictions ...
Read More »Premier Automotive takes on Isuzu in Manchester
Premier Automotive has taken on the Isuzu franchise in Manchester, bringing the total number of Isuzu dealers in the UK to 107. Premier Automotive, based in Hyde, Greater Manchester, officially opened its doors as an Isuzu UK dealer on Saturday 1 October. The Isuzu business joins Kia and Suzuki within the Premier stable. It also does servicing for Mitsubishi and ...
Read More »CarStore platform expands to list 10,000 used cars
rPendragon’s CarStore platform is now listing 10,000 cars, which it said was bigger than any of the new entrants into the market. The dealer group is continuing to look for new opportunities to expand the network, having completed the first store Chesterfield, in April. The next full scale site will open in Warrington in the second half. The group has ...
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