Jardine Motors Group contracts Manheim for remarketing

Jardine Motors Group contracts Manheim for remarketing

04/01/2012 in News, All News, Dealer News, Supplier News

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Jardine Motors Group has signed up Manheim Auctions to remarket up to 50 surplus vehicles a week at its Leeds and Colchester auction houses.

The dealer group has also adopted Seller Advance, Manheim's valuation service which aids dealer cashflow.

Jardine Motors Group represents 24 franchises at more than 75 franchise locations.

Neil Hodson, dealer sales director at Manheim Remarketing, said: "The Jardine Motors Group is a well established and highly respected member of the franchised dealer community.

"Its appointment of Manheim Remarketing is a further endorsement of our ability to provide an all encompassing remarketing service while its adoption of Seller Advance sends a clear message that the benefits of our award winning valuation and automatic push to auction service is of real benefit to dealerships looking to manage and quickly release the cash tied up in their higher mileage and overage stock."


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Jardine Motors Group

Originally founded in 1969 by Ronald and Nicholas Lancaster, the Jardine Motors Group operated as a family owned business in East Anglia representing Mercedes-Benz, Volvo, Porsche and Ferrari.

In 1981 Jardine Matheson acquired 76% of the company before taking 100% ownership in 1992.

Since then, Jardine Motors Group has expanded its operations both geographically and with the addition of further premium brands including BMW, Audi, Jaguar, Land Rover, Lexus, Volkswagen, Aston Martin, Bentley, Toyota, Maserati, Lamborghini, Mini, Smart and Honda to its portfolio.

The latest addition in McLaren, with Jardine running the brand’s flagship London showroom.

Today the Group represents 24 franchises at over 75 franchise locations, employs approximately 3,000 staff and operates under the following names: Lancaster, Scotthall, Wayside, Appleyard, Minories, Abridge and Clover Leaf Cars.

Jardine was behind the most significant deal in the AM100 since Cambria Automobiles bought Summit Auto in 2008, when in 2011 it took over Wayside Group, pushing its turnover above £1.2 billion and into the top 10 of the AM100 for the first time.

At the point of the deal, Alun Jones, Jardine Motors’ chief executive, said: "The acquisition is a major step forward in delivering our strategic plan of growing the business in the UK and developing our relationships with existing franchise partners.”

Jardine subsequently went on to to buy three Toyota dealerships in Ipswich, Colchester and Frinton-on-Sea and a Lexus dealership in Ipswich from Thorndale Investments (turnover in 2010 £33 million, 92 staff).

In August 2012 the group consolidated its presence in the East with the purchase of a Lexus and Toyota site and aftersales centre in Cambridge from Turner Motor Group.

Jones announced his retirement in December 2012 - and his successor, finance director Mark Herbert.

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