EV shift helps shuffle rankings of Europe’s independent dealer groups

Cars are seen inside a dealership, with a large glass wall facing the street. — Inside a Pendragon group dealership in the U.K. Lithia, a U.S. company, announced in September 2023 that it was acquiring Pendragon, a transaction that closed in early 2024. (REUTERS)

Last Updated

November 11, 2024 05:00 AM

Seismic changes to the retail model driven partly by the shift to electric vehicles have led to more consolidation among independent dealers, with Europe’s largest groups getting even bigger.

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