Jardine Motors Group
| Multinational | |
| Industry | Vehicle Retailer |
| Products | New Cars, Used Cars, Servicing |
| Revenue | $5.128 Billion |
| Website | www.jardinemotors.co.uk |
Jardine Motors Group, is a multi-national operator of franchised motorcar dealerships in the United Kingdom with international outlets in Hong Kong, Macau and China. Jardine Motors Group market their vehicles under a series of brands worldwide including Zung Fu, Lancaster and Scotthall, and the worldwide group net profit, for the year ended 30 April 2012, was US$61 Million, based on revenue of US$5.128 Billion.
The company is a part of Jardine Matheson and is headquartered at Quarry Bay, Hong Kong.
Jardine Motors UK was created in 1981 when Jardine Matheson acquired a stake in the East Anglian motor company; Lancaster Group, from its founders Ronald and Nicholas Lancaster.
Jardine Motors UK was at one stage the largest UK automotive group by turnover, but today has fallen behind rivals such as Pendragon and Sytner and is now one of the top 10. In 2014, Jardine Motors UK turned over £1.5 billion
Lancaster Group was established in 1969 when Ronald and Nicholas Lancaster took control of a Ford Dealership in Ongar, Essex, where Nick had been working. By 1981 Lancaster were running Mercedes-Benz, Porsche, Ferrari and Volvo dealerships in East Anglia, and Hong Kong-based Jardine Matheson purchased a 76% holding in the company. The company was floated on the stock market as Lancaster plc in 1986. Jardine took total ownership of Lancaster plc in 1992. Nicholas Lancaster left the business to run Malaya Group plc, which would purchase H.R. Owen in 1994.
During the 1990s the company ver/Rover Dealership in Stratford, London from Malaya Group in 1994, Wiggins BMW Winchester in January 1995, Polar Motors in February 1995, Kent-based Loxley KJ in October 1995, BPW Group in April 1997 and Appleyard Group in October 1997. The merger with Appleyard resulted in Jardine becoming the largest UK dealer group that year.
By the end of 1998, Jardine announced a joint venture with the manufacturer for its Ford dealerships, a venture which by the end of January the following year had purchased Dagenham Motors. In the late 1990s and early 2000s, Jardine struggled to integrate the Appleyard businesses and saw profits slide, but acquisitions soon resumed. Polar Ford purchased three North London dealerships from Stripestar in May 2002 and Alperton Ford in February 2003, before Jardine sold their 51% stake in the joint venture to Ford Retail Group in March 2004.
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