Penske to Acquire 15 U.K. Dealerships
Acquisition of Rybrook Group LTD includes dealerships representing BMW, MINI, Volvo, Land Rover and Porsche brands.
Acquisition includes dealerships representing luxury brands like BMW and Porsche.
IMAGE: Pexels
Penske Automotive Group, Inc. agreed to buy Rybrook Group Limited, a collection of 15 premium dealerships in the United Kingdom that generate approximately $1 billion in annualized revenues.
According to a Penske press release, the dealerships being acquired include four BMW dealerships, four MINI dealerships, four Volvo dealerships, two Land Rover dealerships and one Porsche store. It noted that three of the BMW locations also retail BMW Motorrad motorcycles.
According to Darren Edwards, CEO of the Sytner Group subsidiary in the U.K., the Rybrook dealerships were a logical fit for Penske because they represent strong brands and are dedicated to customer service.
“We look forward to continuing this legacy and welcoming these franchises to our team,” Edwards said in the release, which noted that the acquisition has already received regulatory approvals and will be finalized in January.
Originally posted on Auto Dealer Today
More Showroom
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →
State Follows Federal Warning on Auto Ads
The Massachusetts attorney general cautioned the state’s automotive dealers to be upfront with the consuming public about their vehicle prices or risk punishment.
Read More →
European EV Market Hits Record
Seven out of the top 10 electric vehicles sold so far in 2026 in Europe are by European brands, and automakers are seeing the power train fill up their order books.
Read More →
Used EVs Outpace New
While North American electric-vehicle sales remain down year-over-year, May sales saw a 3% increase from April’s numbers as used EVs led the market.
Read More →
New Vehicles Down for Most Brands
Healthy May sales cut into inventory as automakers kept a tight reign on supply, though some brands ended the month with excess units on the ground.
Read More →
Auto Prices Ride May Moderation
Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.
Read More →
Mitsubishi Sets Growth Strategy, Structural Transformation
The Japanese automaker aims to 'strengthen products and technologies that embody its brand identity,' focus on its strongest markets and expand value-chain businesses 'that leverage its unique strengths.'
Read More →
Affordable, Safe Cars for Teen Drivers
Families looking to balance affordability and safety in vehicles for their teen drivers can look to the updated list of recommended vehicles by IIHS and Consumer Reports.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
Holman Opens Porsche Dealership in Miami
The North Miami store features the brand’s signature Destination Porsche design concept, combining contemporary architecture and technology to create what the auto group calls an ultra-luxury experience.
Read More →