Tag Archives: Grant Thornton

Grant Thornton UK LLP’s Mergers & Acquisitions (M&A) team has completed the sale of national tyre fitter and retailer Just Tyres. Milton Keynes-based Just Tyres was bought by The Tyre Group which trades under several brands including Malvern Tyres. Mike Tillson, Partner and Corporate Finance Automotive lead said: “The combination of our leading M&A capabilities and deep sector and operational ...

Glyn Hopkin Group has been sold to an Employee Ownership Trust (EOT). The group ranked 37 in the Motor Trader Top 200 Dealer Groups with annual turnover of £520.9m, has 35 dealerships, including 13 Nissan and 10 MG showrooms. Employing 800 staff, it also represents Kia, Renault, Dacia, Alpine, and Suzuki at branches, located throughout London, Essex, Hertfordshire, Buckinghamshire and Suffolk. ...

Inflation has had a direct impact on the consumer thought process of buying vehicles and is expected to come down at the end of 2024/the start of 2025. Inflation combined with consideration of wages and disposable income raises questions for consumers, including whether to buy a used car or a new car. NFDA’s Driving Digital 2024 discussed the impact of ...

  The unexcepted challenges that have faced dealers over the past months have had a major impact on franchised dealers’ strategies and consumer behaviours. That’s the view of Sue Robinson, director of the NFDA, writing in the Q3 AutoFocus from Cox Automotive. “Consumer expectations have changed and although feedback from franchised dealers suggests they are not yet seeing a radical ...

The UK dealer network is set for further consolidation as foreign investors and large groups expand their businesses. A new Cox Automotive Insight Report produced with Grant Thornton charts the wave of consolidation that took place in the UK following the financial downturn in 2008. “Dealer transactions, including management buy-outs, increased as the UK exited the recession with a high ...