Vantage Motor Group, the privately-owned AM100 vendor group that has 9 Toyota dealerships and a couple of Lexus showrooms in Yorkshire and Lancashire, plus single Kia and Skoda dealerships, is about to start out 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 mentioned: “We wish to thank Phil for his enormous contribution in making Vantage Motor Group the profitable and revered enterprise that it’s immediately.

“We’re excited concerning the future and might guarantee all colleagues, prospects, producer companions and suppliers that will probably be enterprise as normal at Vantage Motor Group for a few years to come back.”

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

He mentioned “Our individuals at Vantage are the center of our enterprise and are well-known of their native communities for the way they serve our prospects. I wish to thank them for all their assist, particularly within the tougher occasions of current years.

“Tim and Andrew have the drive and power 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.