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New Eddie Wright MD aims for £40m

North Lincolnshire used car supermarket Eddie Wright is looking to double its £20m turnover and open a second outlet during the next 12 months.

Expanding the family-owned business, which has a six-acre site in Scunthorpe, is one of the tasks facing Jane Wright, who took over as managing director from her father Tony at the beginning of the year. Tony Wright, son of Eddie who founded the business around 70 years ago, remains chairman but plans to take a backseat role after more than 40 years at the helm.

“I’m very excited about the challenge, particularly as it comes at the start of one of the most important years in our history,” says Wright.

“We are investing a very substantial amount in developing the business, with the aim of doubling turnover this year.”

Although coy about revealing precise details, Wright says she is looking for a second six to eight-acre site in the Lincolnshire region, either new-build or acquisition. She adds: “There is no doubt in our view that large car supermarkets offering a choice of 600-800 vehicles are the future in the used car business. People want maximum choice in a single location.”

Vehicles offered range from £3,000 volume family cars to £30,000 prestige and sports models. Last year, sales reached £20m for the first time, leading Tony Wright to proclaim the business had finally reached the “Premier League” of car supermarkets. A mystery shopping survey by What Car? ranked the firm among the top five car supermarkets in the country.

Wright came into the family business nine years ago as an administrator, and has experience across the company, from workshop manager to company secretary. She has been joined in the boardroom by Paul Grange, who has been appointed operations director.

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