Canadian Car Dealer Group Alpha Auto Group Acquires Lookers in 465.4m Deal

Alpha Auto Group (AAG) acquires Lookers in £465.4m deal, marking their entry into the UK market. Exciting developments in the auto retail industry. Canadian Car Dealer Group Alpha Auto Group Acquires Lookers in £465.4m Deal

source http://autoengage.co.uk/home-page-6165/b/canadian-car-dealer-group-alpha-auto-group-acquires-lookers-in-4654m-deal

Comments

Post a Comment

Popular posts from this blog

Pentagon Motor Group Achieves Early Sales Success with BYD in the UK

Image
Pentagon Motor Group, a division of Motus Group (UK) Ltd, is celebrating a remarkable early sales achievement in partnership with Chinese automaker BYD. Since signing up with BYD late last year, Pentagon Motor Group has reported selling approximately 60 BYD vehicles at its Lincoln-based Pentagon Motor Village site within just one month. Pentagon MD, David Peel, expressed his admiration for BYD after attending the Munich Motor Show, where the Chinese brand made a significant impact. He highlighted BYD's flexibility in producing diverse vehicle models across different market segments. The initial UK offering includes models such as Atto 3, Dolphin, and Seal, all designed with UK consumers in mind. Peel stated, "I was extremely happy to announce our partnership with BYD and am even happier to report that we have already sold some 60 vehicles in the first full month of operations." Pentagon officially termed this figure a "significant early sales success."
Read more

Maximising Sales Opportunities: Insights from Motor Trade News

Image
In an enlightening piece from cardealermagazine.co.uk , motor traders are encouraged to gear up for a significant surge in used car searches post-Christmas Day, a trend backed by data from Motors. Since 2018, this period has consistently shown a notable increase in consumer interest, a valuable insight for dealers aiming to sell more cars. The data, meticulously analysed by Motors, indicates a lull in used car searches from late November until Christmas Day. However, the festive season's conclusion marks a sharp turnaround. Boxing Day alone witnesses a 38% increase in searches compared to Christmas Day, with a further 20% rise from Christmas Eve's figures. The crescendo of activity peaks on December 27th, with searches skyrocketing to 67% above Christmas Day levels and 46% higher than Christmas Eve. This trend is not just a fleeting post-Christmas phenomenon. The momentum builds steadily through to New Year's Eve, dips briefly, and then resumes its upward trajectory
Read more

Volkswagen Group Sales Surge: Almost Back to Pre-Pandemic Levels

Image
In exciting motor trade news from cardealermagazine.co.uk , Volkswagen Group is making a remarkable comeback, edging closer to pre-pandemic sales levels. Figures released on January 9th reveal that their sales soared by an impressive 12% in 2023, reaching a total of 9.24 million units. This significant growth surpasses the 8.3 million units sold in 2022 and nearly matches the 9.3 million sales achieved in 2020. The remarkable rebound signals a return to normality for the automotive industry after grappling with supply chain challenges brought about by various factors, including the war in Ukraine and semiconductor shortages. One highlight is the group's commitment to electric vehicles (EVs), with sales of EVs increasing by a remarkable 35%, reaching 770,000 vehicles. This surge comes despite earlier concerns about a lack of demand for EVs in recent months. China played a pivotal role in Volkswagen Group's success story, with the company selling 191,800 electric cars in the
Read more