28 April 2017
Motorpoint Group PLC
("Motorpoint" or the "Group")
Opening of 12th site - Sheffield
Motorpoint Group PLC, the UK's largest independent vehicle retailer, is pleased to announce the opening of its new Sheffield site.
This is the Group's 12th site and is ideally located to expand Motorpoint's offer to customers across South Yorkshire. Today's opening marks the Group's fourth new site within the last 18 months, following the successful launches last year in Castleford and Oldbury, and the opening of Birtley in November 2015.
The Sheffield site, a short drive from the Sheffield Arena and Meadowhall Shopping Centre, is a 10-acre former car supermarket located close to junctions 33 and 34 of the M1. The site will have available up to 500 nearly new vehicles from over 30 different manufacturers.
Mark Carpenter, Chief Executive Officer, commented:
"I am pleased that we have opened our 12th site in what has been a busy period for the Group. Sheffield is a key demographic area and we are delighted to have generated 50 new jobs in the region. The recent openings are performing well, and the management team is confident that this new site will be a further successful addition to the Group's portfolio as we deliver on our focused approach to new site openings to capture additional market share."
Final Results
The Group will publish its final results for the year ended 31 March 2017 on 12 June 2017.
Enquiries:
Motorpoint Group plc Mark Carpenter, Chief Executive Officer James Gilmour, Chief Financial Officer |
via FTI Consulting |
FTI Consulting (Financial PR) Jonathon Brill Alex Beagley James Styles |
020 3727 1000 |
Notes to editors
Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Group's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 18,000 miles. Motorpoint sells vehicles from brands representing over 95 per cent. of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which seven have opened in the last five years; together with a national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and www.motorpoint.co.uk.
