Tag Archives: Lithia

Bowker Motor Group has acquired Porsche Centre Bolton from Lithia Motors Group UK. Porsche Centre Bolton joins Porsche Centre Preston in Bowker Motor Group’s portfolio of eight dealerships, which also includes franchises of BMW, Mini, BMW Motorrad and INEOS Automotive. Porsche Centre Bolton employs over 50 staff. Many of the Porsche Centre Bolton team have been with the Centre since ...

  Lithia UK has signed a deal to push non profile part-exchange vehicles through BCA. Lithia Motors Inc is the third largest automotive group in the USA and one of the largest Groups in the United Kingdom. Lithia operates circa 200 dealerships in the UK having bought Pendragon (£3.6bn-turnover). Jardine (£1.8bn) and Arden Maidstone (£81.6m) BCA owner Constellation Automotive Group ...

Lithia UK has appointed Phil Wilbraham as group vice president for Pendragon Vehicle Management and National Fleet Solutions. Wilbraham previously served as group finance director for the former Jardine Motors Group business. He was the UK Finance lead for mergers and acquisitions when the business became part of the wider international Lithia and Driveway business in 2023. Wilbraham, who originally ...

Marshall Motor Group has bolstered its management team with two senior appointments. Matt Southall has been appointed as strategy and technology director to lead the digital transformation within the group. Southall was previously chief strategy & transformation officer at Lithia UK and Pendragon. He held senior strategic and operational roles at Argos, which was subsequently acquired by Sainsbury’s, and was ...

The Motor Trader Top 200 Franchised Dealer Groups for 2024 features in the July August print edition of Motor Trader. It shows a sector experiencing huge interest in dealer groups from foreign investors, ongoing consolidation and a market building momentum after contraction in the pandemic. At the top of the listing there has been big change in ownership. Pendragon was ...

Steve Young There have been a few bits of news over the recent weeks all related to the used car business, all biased towards the UK market. However, as the pressures that have driven the various actions are not specific to the UK, then I hope that readers elsewhere will bear with me, because I believe that the lessons are ...

Lithia is shutting a number of Pendragon’s CarStores and making redundancies at the group. It will be closing nine CarStore sites and seven CarStore pods this quarter in order to focus on Evans Halshaw and Stratstone. Four CarStore sites will be retained and refranchised, expanding its retail operations with three existing OEMs, while seven remaining CarStore pods will become Evans ...

Three employees at Evans Halshaw Wrexham are celebrating 25 years of service each with the dealer group. Pictured holding the certificates are Mark Ellis, Tim Nield and James Handley. “Their ongoing dedication, passion, and hard work play a significant role in shaping our success and creating memorable experiences for our customers; they truly are an integral part of our team. ...

Pinewood is set to return £358m to shareholders following the sale of the Pendragon dealer group and leasing businesses to Lithia. The company made an announcement on Friday, detailing a proposal to return the sum to shareholders by way of a special dividend of 24.5 pence per existing ordinary share. Subject to shareholder approval the dividend is expected to be ...

Expansion in Europe saw Hedin profits fall -55.6% to £62.6m (SEK820m) in 2023 on turnover up 56% to £6.2bn (SEK 81,678m). In July it announced Hedin Automotive, a subsidiary to Hedin Mobility Group, was buying Stephen James Group’s BMW and MINI business in the UK. Stephen James Group employs 400 people and sells 6,000 new and used cars annually from ...