Wednesday, August 19, 2009

Large Groups renew with Accident Exchange

Accident Exchange gave details last week of major dealer groups that had renewed their contracts with the company for accident management services.

Inchcape Retail Group, Jardine Motors and JCT600 extended their partnerships with the company, a total of 198 dealerships representing 33 brands.

"All three groups have been long term partners with us, so we're naturally delighted to continue to build on those relationships and the cultural understanding we have established with each," said Steve Evans, chief executive of Accident Exchange.

"Accident management is an integral function of their customer retention and business growth strategy.

£55.4m loss

Accident Exchange reported a £55.4m loss for the year-ended 30 April on adjusted revenues of £167m.

It said it was hit hard by the economic downturn which has seen a reduction in the number of cars off the road for repairs as mileages have reduced during the recession.
Last year it reported a £9.9m profit on turnover of £161.9m.


DATED: 19.08.09


FEED: MT






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