Fleet News

Car Supermarkets group to open two new sites in 1998

CAR Group, which operates the Car Supermarket used car retail chain, has confirmed that it is to open two new sites, in London and Manchester, during the next year. The company, which has revealed pre-tax profits of £4.8 million (1996: £4.6 million) for the year to August 31 with turnover of £161.5 million (1996: £137.9 million), has signed a joint venture development agreement with Black Country Properties to develop future sites.

It is working towards a national network of outlets and has secured a £40 million rolling finance facility from Sun Life Properties to fund property requirements for its roll-out programme. In September Car Group bought Empress Cars for £20.3m. Empress already operated supermarket-style sites and its main outlet in Newport joined Car Group's existing Car Supermarkets in Cannock and Northampton.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee