Vantage Motor Group, the privately-owned AM100 vendor group that has 9 Toyota dealerships and a pair of Lexus showrooms in Yorkshire and Lancashire, plus single Kia and Skoda dealerships, is ready to begin a brand new chapter in its historical past.

Its chaiman Phil White, who joined its board in 2006 and likewise chaired Lookers, is stepping down this month and handing over full management and possession of the enterprise to chief monetary officer Tim Swindin and chief operations officer Andrew Mallory.

Mallory and Swindin stated: “We wish to thank Phil for his large contribution in making Vantage Motor Group the profitable and revered enterprise that it’s at the moment.

“We’re excited in regards to the future and might guarantee all colleagues, clients, producer companions and suppliers that it will likely be enterprise as common at Vantage Motor Group for a few years to come back.”

White shall be 75 years previous this autumn, Firms Home data present. A former chief government of transport agency Nationwide Specific Group, he’ll proceed to behave as an advisor to Vantage’s board throughout 2024.

He stated “Our folks at Vantage are the center of our enterprise and are well-known of their native communities for a way they serve our clients. I wish to thank them for all their assist, particularly within the more difficult occasions of current years.

“Tim and Andrew have the drive and vitality to construct on this assist to take Vantage into the long run and proceed to develop the enterprise. I’m so unhappy at leaving the group however it’s the proper factor to do as I strategy my retirement.”

In 2019 White, Swindin and Mallory undertook a administration buyout at Vantage, with its then chief government Mark Robinson leaving the enterprise.

In mid 2022 Vantage soldof its solely Citroen dealership to Chorley Group, leaving the £224 million turnover group targeted on its key producer relationships.