Expansion the future for Eastern Western, say directors
03 October 2018
Multi-franchise group Easter Western Motor Group is continuing its strategic policy of strengthening the current portfolio with its manufacturers by taking over other retailers selling the same brand.
Reporting a 10% rise in turnover from £550 million in 2016 to £606m for 2017 and an 8% increase in gross profit from £56.3m to £59.7m, the annual report for the Edinburgh-based company said that during the year it took over BMW and MINI dealer, Grassicks, in Perth in line with the plan.
“This strategy of acquisition further cements our relationship with one of our key franchise partners and is in line with our strategy of growing and developing with existing brand partners in new geographical territories.”
Already this year it has added VW and Mazda retailer Barnetts Motor group, giving it sites in Dundee and St. Andrews. It has added the John Clark Group’s Nissan outlets in Dundee and Perth and the Phoenix Honda business in Stirling, taking its representation with Nissan to 5, VW and Honda (4) and Mazda (2).
Why Subscribe?
As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:
- Get informed and boost your business potential
- More than 1,200 fellow executives have joined us since launch
- Independent, carefully crafted, unique content relevant to you and your business
- Develop a greater awareness of market trends and opportunities
- Access to a wide range of materials whenever, wherever and however you want it
- Significant discounts on ARN events, reports and other publications
