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Eastern Western to build new Mazda and Nissan showrooms after record results

Scottish car dealer Eastern Western Motor Group is building two Mazda and Nissan showrooms on the outskirts of Edinburgh as the group celebrates record financial results.

They will be located on a three-acre site at the group’s ‘luxury car village.

Development work on the land, which was originally designated for supermarket use, is due to start soon with completion scheduled for April next year, reports The Scotsman.

The privately-owned company, also represents Mercedes-Benz, BMW, Mini, Lexus, Toyota, Nissan, Honda, Volkswagen, Seat, Smart, Alfa Romeo and Suzuki.

The dealer group’s accounts for the year to December 31, 2014 reveal turnover rose by 18% to just over £463.6 million in 2014, compared with the previous 12 months.

The number of new and used vehicles sold during the year increased by 10% while aftersales revenues were up by 5.5%.

Profit before tax grew by almost £1m to just over £7m.

Group operating profit was £8.7m, up from £7.7m.

The financial report said: “Overall, the directors are pleased with the group’s performance for 2014 considering 2013 was a record year in terms of both turnover and profit.”

The group said that to date it had seen “significant” growth in both new and used vehicle sales. The Car Village, in Newbridge, has BMW, Lexus, Mercedes-Benz, Mini, Smart, Toyota and Volkswagen new car franchises, alongside a Car Deal Warehouse used car site.

During the year, Eastern Holdings’ headcount rose by almost 40 people to just under 1,000.

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