Monday, November 09, 2009
Arnold Clark to buy dealerships from GK Group
Agreed terms
Terms have been agreed in principle for the sales of businesses in Carlisle, Penrith, Workington and Dumfries.
GK Group is selling Ford and Citroen franchises in Carlisle, Penrith and Workington, Ford Citroen and Peugeot in Dumfries and Ford in Carlisle.
GK Group is ranked 35 in the Motor Trader Top 200 dealers. It turned in losses of £4m on turnover of £214.5m for the year to December 2008.
Other businesses
The group also has other dealerships in Alfreton, Chesterfield, Derby, Holmewood, Mansfield, Retford, Sheffield, Stranraer and Worksop.
Arnold Clark is ranked number 4 in the Motor Trader Top 200 dealers with annual turnover of £2.2bn.
The company announced in August it was creating 700 new jobs in sites across the North of England and Scotland.
The Scottish motor dealer, which runs Europe's largest independently run network, wants to create 500 sales jobs, 120 modern apprenticeship places and 80 support roles.
It has a huge used car business with 120,000 sales per annum and its website is the most popular dealer website in the UK, according to the latest traffic figures from Hitwise/Experian.
DATED: 09.11.09
FEED: MT
