THE owner of car dealership group Massingberd has announced his retirement and the sale of the business.

Mike Massingberd said it was time to move on after more than 40 years as head of the group, which has Volkswagen and Audi dealerships across Yorkshire.

The Northallerton VW business has been acquired by motor retail group Lookers for £630,000.

Dealerships in Otley, Knaresborough, Harrogate and Huddersfield have also been sold.

Mr Massingberd, who survived an attack at his North Yorkshire home last year, said it was time to move on.

He said: "I am now in my 60s and have two daughters who have other interests to fulfil.

"I would like to thank all my loyal employees, customers and suppliers who have helped to build a local business that we can all be very proud of.

"It has been our priority to ensure that they are all looked after by the new owners."

Mr Massingberd said there would be no job losses at the dealerships.