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Dealerships among most sought after alternative assets, finds Rapleys

Investors looking to diversify portfolios are increasingly turning to money-making niche assets with car dealerships top of the list

Major shareholder blocks £460m Pendragon takeover talks

One of Pendragon’s five major shareholders has blocked a takeover bid launched for the AM100 car retail PLC by “a large international corporate”.

Pendragon s £33m profits deliver good momentum ahead of H2 s challenges

Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.

Remodelled Pendragon CarStore division to tackle restrictive used car sales

Pendragon will re-launch its CarStore division with a new hybrid sales process designed to remove the “restrictive” process of traditional retail and new online rivals, chief executive Bill Berman has told AM.

Carbase appoints new CEO and former Pendragon Car Store boss Chris Caygill

Click the thumbs up >Independent used car dealer group Carbase has appointed former Pendragon Car Store division boss Chris Caygill as its new strategy innovation director and Richard Green as chief executive. The six-site South West-based family-run car supermarket operation (Bristol, West-Super-Mare, Lypsham, Brent Knoll, Westbury and Vanbase Bristol) said in a statement that it was “delighted” to announce the appointment of the two experienced industry professionals to its two brand new leadership roles. Steve Winter, the founder of the AM Awards winning Carbase business, said: “I am immensely proud of all we have achieved over the past 20 years and I am looking forward to being part of our new chapter as we continue our drive to provide the very best customer experience at the heart of all used car purchases.”

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