Lithia Motors has revealed that it views Jardine Motors as “a platform for future growth in the UK” after it emerged that the US-based car retailer was in advanced talks to acquire the AM100 car retail group.
Warnings of the longest recession on record could signal further market disruption that will turbocharge the motor retail sector’s mergers and acquisitions (M&A) outlook.
Pendragon suitor Hedin Mobility Group has secured a foothold in the UK car dealership sector with the acquisition of four franchise points from Mercedes-Benz Retail Group.