Sytner acquires The Car People and almost doubles its car supermarket operation | Acquisitions and deals

Sytner has acquired The Car People, its second used car supermarket group takeover within 12 months. The UK’s largest franchised dealer group has now established a car supermarket division with almost £500m annual turnover, in which The Car People and CarShop will operate separately, under divisional managing director Jonathan Dunkley, formerly Car Shop’s chief executive. Jonathan Allbones, The Car People’s sales and marketing director, becomes […]

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Pendragon to sell US retail group and reduce premium UK presence | Car Dealer News

Pendragon will dispose of its US-based retail group and begin the reduction of its premium franchises in the UK as part of a revised business strategy. The business announced a revised plan to shareholders, which chief executive Trevor Finn said “will provide more reliable and sustainable returns”, today. The group’s new strategy will see the disposal of its five franchised outlets – with Jaguar Land Rover, […]

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