Fleet News

CMA plans huge London site

CMA Group has announced plans for a 50-acre auction centre in London which will double the company's turnover within three years. The announcement comes just a week after the auction company revealed plans for a £7 million new auction centre in Bristol and is further confirmation of CMA's aggressive expansion plans - underwritten by US auction giant Manheim.

Managing director John Bailey has instructed property consultants to identify a prime site to the north-west of the capital within the M25 corridor. The new centre will be developed with financial support from Manheim, which backed CMA's acquisition of ICA in the summer. The £20 million supercentre will be capable of handling 3,000 cars a week - effectively doubling CMA/ICA's current capacity through its 11 existing sites.

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