Fleet News

Reg Vardy sold

CAR retailer Reg Vardy is being sold to rival firm Pendragon for £450 million.

The deal equates to 800p per share and follows Pendragon’s acquisition of CD Bramall for £230 million in 2003. Reg Vardy has about 100 dealerships around the UK.

Pendragon chairman Sir Nigel Rudd said: ‘We believe the combination of the two companies will strengthen relationships with principal manufacturer partners, lead to improved returns for our shareholders and provide greater opportunities within the enlarged group for all team members.’

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee