Car dealer Lookers snaps up rival

• Dutton Forshaw sold for £60 million
• 11 dealerships change hands
• Car buyers unaffected

Latest News

• Renault Fluence ZE review
• Alpina D5 Bi-Turbo review
• Geneva 2012: Audi TT RS plus
• Fiat Punto Twinair review

Related stories

• Pendragon buys Reg Vardy
• Less choice for buyers as dealers merge
• Lookers increases dealerships
• Dealer merger ruled OK
• Car dealer merger given the all-clear
• Pendragon buys Dixon dealerships

Car dealer Lookers has announced it is buying rival Dutton Forshaw from owners Lloyds TSB for £60 million.

The deal, which highlights the growing consolidation of the UK car sales market, is made up of £28 million cash and taking on £32 million of debt.

The sale gives Lookers ownership of Dutton Forshaw's 31 dealerships, taking its total to 142, and gives it a presence in the South East, North West and in South Wales.

Anyone who has bought a car from Dutton Forshaw will be unaffected by the deal.