Sytner Group
 |
|
| Subsidiary | |
| Industry | Automotive retail |
| Founded | 1968 |
| Founder | Alan & Frank Sytner |
| Headquarters | Leicester, England |
|
Number of locations
|
140+ |
|
Area served
|
United Kingdom |
|
Key people
|
Roger S. Penske (Penske CEO) Gerard Nieuwenhuys (Group Chairman) Darren Edwards (Managing Director) |
| Brands | Various automotive brands via retail, including Audi, Bentley & Porsche |
| Revenue | £3Bn (FY2012) |
| £66M (FY2012) | |
| Owner | Penske Corporation |
| Parent | Penske Automotive Group |
| Website | Sytner.co.uk |
The Sytner Group Ltd is a car dealership company headquartered in Leicester, United Kingdom.
The group comprises over 140 car dealerships located in England, Scotland and Wales, which specialises in premium and specialist franchises from Audi to Porsche, turning over £3Bn in 2012. The group is wholly owned by the United States-based Penske Automotive Group, a NYSE listed part owned division of Penske Corporation.
The group was formed by Frank Sytner and his brother Alan, the owner of the famous Liverpool-based Cavern Club. The brothers founded their first retail franchise in Nottingham in 1968, selling BMWs.
After Frank finished his racing career, during which he won the 1988 British Touring Car Championship title, the group began a rapid period of expansion by acquisition of BMW franchises in Leicester and Sheffield. From 1995, other marques were added with the acquisition of Mercedes-Benz, Ferrari and Audi franchises in Bristol, Loughborough and Leeds. In 1996 the group opened Land Rover, Jeep and Porsche dealerships in Stockport and Reading. The group floated on the in 1997, as the Sytner Group PLC.
In 1998 the group acquired the family-run Thames Ditton-based Land Rover and Jaguar Cars business of Guy Salmon, which then became the name of all Sytner-owned Land Rover and Jaguar franchises. The acquisition of the Ixion Motor Group in August 1999 doubled the number of locations, and brought in the Volvo, Saab and Lexus brands to the group. The 2001 acquisition of the Ron Stratton Group brought the Bentley brand into the group with a Manchester franchise.
On 12 February 2002, Sytner Group was itself acquired by American-based motor retailer United Auto Group (UAG) in a $135 million deal. The group was delisted from the London Stock Exchange, while the majority of the Sytner management team remained unchanged.
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