AM Online

JCT600 acquires Vauxhall ‘OFT site’ from Pendragon

JCT600 has boosted its Vauxhall representation in West Yorkshire to three sites after buying an Evans Halshaw dealership at Castleford, near Wakefield, from Pendragon in a £3m deal.

The freehold dealership is one of the former Reg Vardy outlets that the Office of Fair Trading last year told Pendragon to dispose of to increase aftersales competition in the area.

JCT600, which now has 29 franchised sites, also has a Vauxhall dealership at Bradford, with a satellite at Shipley to the north of the city.

The Castleford premises is located close to the M62 and the 80-shop Junction 32 retail centre. The dealership has an eight-car showroom and an 11-bay workshop with MoT testing facilities, and also includes a Network Q used car operation.

JCT600 says the total cost of acquiring the freehold of the 1.36 acre site, the business, and its development to “the high standards demanded by JCT600 and Vauxhall” will be £3m.

The group describes the outlet as “well established”, but is not revealing its turnover, nor the expected volume of new and used car sales in the first 12 months.

Les Cooper, JCT600 Vauxhall brand director, says: “Our aim has always been to be not the biggest, but the best.

“The addition of an extra Vauxhall dealership is proof of our intention to grow and develop with the right brands.”

In its accounts for calendar year 2005, JCT600 achieved a 10% increase in turnover to £498m, up from £453m in 2004. Its operating profit in 2005 rose more than 50% to £19.7m from 2004’s £12.4m.

John Tordoff, chief executive, said at the time, when JCT600 had 20 outlets: “We are fortunate with the size of our business, in that we aren’t so large that we are out of touch with our dealerships.”

He said then the group was aiming for growth to around the 25 to 30 dealerships, all of which were to be within two hours drive of the Leeds and Bradford area.



If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.