Peter Warren buys Wakeling

Summary: Major Australian car group Peter Warren Automotive has acquired Wakeling Automotive’s 30-dealership network for approximately $28 million. The family-run business, based in NSW, operates 16 brands and has been in the industry for over 40 years, with an annual turnover of around $500 million and 370 staff. Peter Warren CEO Andrew Doyle expressed enthusiasm for the acquisition, which will enhance their presence in Western Sydney and is expected to complete in the coming months.

Brands mentioned: Mercedes-Benz, Hyundai, Kia, GWM, Chery, Omoda, Jaecoo, Mitsubishi, Nissan, Honda, Suzuki, Volkswagen, Isuzu Ute.