Tag Archives: pendragon

  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 ...

Evans Halshaw is opening a new MG car dealership in Banbury 1 October. Evans Halshaw MG Banbury will be the second franchise within the business. The new MG site will operate as a Cyberster retailer – MGs new EV sports car – comprising a Cyberster lounge. The leadership team and all Evans Halshaw associates are being retained and trained in full ...

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 ...

James Brearley has been appointed managing director of Lookers Motor Group. He moves to Lookers following a year-long stint as chief operating officer with Peter Vardy. Before that he was head of Inchcape’s UK retail business. He was appointed CEO, Inchcape UK in January 2017 with the aim of implementing a five-year plan focused on overhauling the business operating structure, ...

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 ...

Hedin Mobility, the Swedish company headed by Anders Hedin (pictured), has expanded again with the purchase through a subsidiary of BMW and MINI dealer group Dubbelsteyn and its dealerships near Rotterdam. Hedin has been on the acquisition trail. Last year it bought Torpedo Gruppe’s 21 dealerships in Germany, representing smart, Hyundai, and Land Rover and the Renova BMW and MINI ...

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 ...