This week a takeover frenzy as Global Auto’s Lookers deal approved. Lithia buys Arden. And Peter Vardy and Marshall snap up sites. August new regs'
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This week a takeover frenzy as Global Auto’s Lookers deal approved. Lithia buys Arden. And Peter Vardy and Marshall snap up sites. August new car and van regs. ?
Motor Trade Radio: 9 September 2023, E54, S09?
If you enjoyed this week’s Motor Trade Radio podcast, powered by eBay Motors Group, and want to dig deeper into our featured headlines, then here are the links to all the stories.?
SHOUT-OUT?
House of Lords Committee’s Environment & Climate Change Committee?
Special oral evidence session on EV transition featuring industry experts.?
HEADLINES?
AM ONLINE?
August new car market shows Tesla outsold Peugeot, Nissan, Mercedes?
Data for the August new car market shows that Tesla was the ninth most in-demand car brand, ahead of the likes of Mercedes-Benz, Peugeot, MG Motor and Volvo.?
SMMT PRESS RELEASE?
UK van market continues growth in August https://media.smmt.co.uk/august-2023-new-lcv-registrations/ The UK new LCV market grew for the eighth consecutive month in August, rising 5.0% to 16,303 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT), during what is traditionally a smaller volume month ahead of the September plate change.?
CAR DEALER?
Lookers takeover by Global Auto Holdings gets green light?
The takeover of Lookers by Global Auto Holdings has been given the go-ahead by both boards, it was announced this afternoon. A statement issued by Lookers just as the London Stock Exchange was due to close said that its board and that of the Canadian group Global Auto Holdings had agreed terms for all the issued, and to be issued, share capital of Lookers to be bought at the improved cash offer of 130p per share.?
MOTOR TRADER?
US dealer group Lithia swoops on Arden BMW & MINI dealerships?
Lithia & Driveway, the US listed dealer group which bought?Jardine Motors?from Jardine Matheson in March this year has hit the acquisition trail again in the UK.?
The company has bought Arden Motors representing BMW, MINI and Motorrad in Maidstone and Tunbridge Wells.?
领英推荐
AM ONLINE?
Peter Vardy Group expands with Aberdeen acquisition?
Peter Vardy Group has expanded in Aberdeen with the acquisition of a car dealership from Gillanders.?
AM ONLINE?
Marshall increases to eight Honda dealerships with acquisition?
Two more Honda dealerships have gained the Marshall brand above the door, following the AM100 group's latest acquisition.?
AM ONLINE?
Volkswagen to ditch ID and Seat brands from cars?
Volkswagen Group is planning to ditch?its Seat and?ID car brands, possibly by the end of this decade, as it refocuses consumers on its more popular nameplates. While the ID sub-brand?is serving a purpose in distinguishing VW's new electric cars from its traditional range, the Volkswagen brand will stick with its familiar car names for electric cars in the future, according to its board member Thomas Sch?fer.?
?CAR DEALER?
Ellesmere Port enters new era as first electric vans roll off the production line following ￡100m investment?
Stellantis has reopened its Ellesmere Port site today as the factory begins life as an electric vehicle production plant. Bosses say the Cheshire site wii the UK’s only?dedicated EV manufacturing plant, and several electric vans set to be built there going forward.?
PLUS?
Stephen Whitton’s [M]enable Moment?
Stephen gives us the full lowdown on the new Wellbeing Winners accreditation scheme which is being made available for ALL car dealerships in the UK.?
More details at [email protected] or visit Menable online at https://menable.org/?
?We hope you enjoyed this week’s roundup of the big car retailing stories. Catch?#AllTheChatterThatMatters?Saturday mornings on the Motor Trade Radio podcast, powered by eBay Motors Group.?
Click?here?for the latest episode.?
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