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Prestige accident management firm moves up a gear

Accident Exchange, the prestige replacement vehicle company, has announced pre-tax profits of £1.1m on a turnover of £4.12m for its first full year of trading.

The Midlands-based operation, which provides like-for-like cars to customers of dealers and bodyshops involved in non-fault accidents throughout England and Wales, has experienced a rapid 42% growth during the last three months of the financial year.

During the same period, Accident Exchange has developed its fleet of Audis, BMWs, Jaguars, Porsches and Mercedes by over 35% to 250 vehicles.

“The rate of current expansion is a direct result of the holistic approach we have taken to our business partners,” says, Steve Evans, chief executive of Accident Exchange.

“We believe that our partner relationships need to go further and by offering support to the dealer or body repairer beyond the act of providing replacement vehicles, we have substantially strengthened our key relations.”

With prestige vehicles accounting for nearly 1 in 10 cars, Accident Exchange estimates nearly 450 non-fault accidents are handled every day.

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