F&I Management & Training

Lookers, the UK’s fifth largest auto retail group by turnover, has made a major acquisition with the purchase of Lomond Motors which runs Audi dealerships and Volkswagen Group trade parts across central and southern Scotland.

The deal, which cost Lookers £15.0 million in cash, will give the group a significant share of Audi retail and fleet business. Until now its only Audi dealership was in Dublin.

Lookers chief executive, Peter Jones, said: “The acquisition is an important development in the group’s representation of the Audi brand and our relationship with the Volkswagen Group and we are very pleased to be representing the brands in such key locations.”

Lomond Motors is best known as the owner of Glasgow Audi, the UK’s first Audi brand centre, which opened in 2004 and was the largest Audi centre in the world at the time. The three-storey building is a landmark on the south side of the city and, alongside the usual dealership facilities, also houses a conference centre, café, art gallery and museum display.

DATED: 05.07.12

FEED: ARN