A takeover of Inchcape’s UK dealerships would come months after AutoNation withdrew from a bidding war for rival British company Pendragon, Sky News learns.
By Mark Kleinman, City editor @MarkKleinmanSky
A New York-listed car dealer is plotting a bid for the UK operations of Inchcape.
Sky News has learned that AutoNation, which has a market capitalisation of nearly $7bn (£5.5bn), is among the suitors circling the business since Inchcape confirmed in January it was conducting a strategic review.
AutoNation is said to be at the early stages of considering an offer and may yet not decide to proceed with one, according to industry sources.
If it does go ahead, it would represent a first step into the UK for…
