Big Motoring World today announces that it has agreed to acquire certain trade and assets of Midlands and Yorkshire used-car retailer, Available Car.
This acquisition follows Big Motoring World’s recent expansion into Wimbledon and adds 200 employees and a seventh and eighth location in Leeds and Cannock, bringing Big Motoring World’s customer-centric services and quality further into the Midlands and Yorkshire with two state of the art high-capacity showrooms.
In October 2020, Big Motoring World revealed it was actively seeking further premises across major metropolitan hubs as part of a bid to grow its footprint nationwide.
The group has since added a further 5 retail sites to its portfolio, including the latest two dealerships in Leeds and Cannock, announced today.
The news marks the next milestone in the group’s expansion and the group has confirmed its ambition to grow further yet.
Big Motoring World New Head Office (Under Refurbishment)
In August, Big Motoring World announced a 68% year-over-year EBITDA increase from £9.456m in 2021 to £15.933m in 2022. The published accounts also reveal turnover reached £529m – which is a 42.5% increase on its 2021 trading.
Considering recent expansions and growth achieved, the group forecasts turnover will be nearer to £1bn this financial year.
Founder and chief executive Peter Waddell said: “The news today highlights the next milestone in our nationwide expansion. We have a well-proven omnichannel technology-first business model that’s proved to be sustainable even in tough trading conditions, evidenced by our latest accounts.”
“We look forward to bringing our car buying experience to the people of Yorkshire and the West Midlands as we continue to grow our business nationally. Available Car’s family-owned heritage, focus on high quality service, and large, well-located sites are an ideal foundation for our platform.”
“Our customers love our straight-forward and honest approach to vehicle retailing and the value proposition we offer. Our vehicles are priced to sell, and we focus heavily on the customer experience, eliminating the pain points seen at most dealerships.”