Fleet News

Perry pulls out of car dealerships

PERRY Group has pulled out of car dealerships after selling its Perrys Motor Sales business for £25.9 million to its management team. The deal is part of a shake-up at Perry Group as it restructures the business to focus on its network of nationwide crash repair centres and on parts distribution.

Fleet business will form the focus for expansion in the crash repair network, which is expected to grow from 64 centres to about 100 in three years. The centres deal with about 30,000 repairs every year. The motor division covers 28 franchises and follows the sale of the firm's contract hire arm in 2000 to First National Vehicle Contracts, for £1.3 million. Last year, the group announced that results would be below expectations and a statement last week added: 'Nothing has occurred since then to change the board's expectations.'

The motor sales business will be renamed Pearlglass, although the dealerships will continue to trade as Perrys, under former motor division managing director Paul Millard and ex-finance director Ken Savage. About 1,100 staff will move to the new company, leaving 2,500 still working for Perrys firms.

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