Fleet News

CMA/ICA extends power base by snapping up BRS Car Auctions

AMBITIOUS USA-backed auction group CMA/ICA has bought BRS Car Auctions after months of speculation. BRS Car Auctions last month denied industry rumours that it was a takeover target for the acquisitive auction group after closing its Stoke auction centre, but the deal was finalised this week.

The 20,000sq ft BRS Coventry site takes CMA/ICA's total number of centres to 10 and has been bought along with an adjoining 3.5-acre site with a view to further expansion in the future. The acquisition is expected to increase CMA/ICA's combined throughput by some 25,000 vehicles a year to 250,000 vehicles next year.

Before the sale was agreed, former BRS Stoke general manager Jonathan Holland left to join CMA/ICA as director of manufacturer operations where he has a brief to build on the Coventry site's established portfolio of closed sales. CMA/ICA also wants to start fleet operator sales at Stoke once new computer systems have been introduced.

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