After outbidding Lookers to take over Reg Vardy, Britain’s largest car dealer group, Pendragon has told Reuters that it expects to take over management control of Vardy next week.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Pendragon chief executive Trevor Finn told the news agency that, following a share purchase on Wednesday that raised its stake to more than 40%, “technically, we will have management control next week.”


Pendragon has agreed to buy Reg Vardy for GBP506m, or GBP9.00 per share.


Reuters also reported that Pendragon has increased its profits by 11.7% for 2005. Profit before tax rose to GBP59.3m from GBP53.1m a year earlier as sales rose 3% to GBP3.3bn.


Pendragon owns and operates 275 franchised dealers selling Ford, Vauxhall and Nissan models and, following its acquisition of CD Bramwell in 2005, it also is in luxury brands, including Ferrari, Aston Martin and Porsche.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month Pendragon said it had approached rival bidder Lookers about potential consolidation. Lookers rejected Pendragon’s proposal.