• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Marshall buys Honda sites

James Baggott by James Baggott
February 6, 2009
0
Home News

marshall-group-saves-honda-dealersMARSHALL Motor Group has bought up three of the former deVries Honda sites for an undisclosed sum.

Marshall chief executive Daksh Gupta called Car Dealer exclusively last night with news of the deal.

In his 53rd day in charge of Marshall, he announced the group had snapped up the Hull, York and Scarborough sites from administrators.

‘In 2007, deVries turned over £38m with a profit of £750,000 – that’s a two per cent return on sales,’ an excited Gupta told us.

‘That’s a good business by anyone’s standards and Scarborough was number one in customer satisfaction tables.

‘This is really big news for us and shows we are committed to growing outside of what is seen as a regional group in East Anglia to something much bigger.

‘Marshall is all about sustainable growth and as a company we have zero debt. There aren’t many dealers out there at the moment that can claim that.’

Clearly, the deVries deal had buoyed Gupta and he made the announcement to Car Dealer before any other trade publication.

‘In 2007 the deVries sites sold some 2,600 cars – we are very excited and passionate about taking on the Honda franchises,’ he added.

The announcement comes the day after new car sales figures showed a 30 per cent drop in registrations in January and at a time when many dealers are shrinking.

‘We are a focussed team here at Marshall and are excited about the future,’ said Gupta. ‘It’s very important to keep the team up and motivated in these tough times and with acquisitions like this that will only happen.’

The new businesses will report to Franchise Director Mark Furniss who, like Gupta, has recently joined Marshall following the group’s decision to move from its historic regional structure to a franchise-centric organisation.

As part of this acquisition, all deVries staff working for the Honda franchised dealerships in York, Scarborough and Hull will transfer to Marshall.

Marshall has also undertaken to ensure that no customers, who have paid deposits on cars prior to the collapse of the business, are disadvantaged by the acquisition of the business.

Grant Thornton Leeds were appointed administrators of deVries on January 13. They said at the time they were looking to sell the group as going concerns.

Honda Group latest victim

New Marshall director

New chief for Marshall

Previous Post

Mobil 1 aids students!

Next Post

06.02.09: Doctor's warning over Bangers challenge

Related Posts

John Clark Motor Group sees losses deepen to nearly £2m
News

John Clark Motor Group enjoys profit rise to £12.8m despite lower turnover

January 13, 2021
Consumers confused by car finance terms, according to new research
News

Car repossessions allowed to recommence on January 31, despite FCA extending help for mortgages

January 13, 2021
Scottish government looks to phase out new petrol and diesel cars from 2032
News

Click-and-collect to be banned in Scotland from Saturday for car dealers but hope deliveries will still be allowed

January 13, 2021
Dealers to be given free advertising across eBay Motors Group in February
News

Dealers to be given free advertising across eBay Motors Group in February

January 13, 2021
New car sales to increase in 2013, suggests Trader Media
News

Renault Retail Group sells flagship London West showroom for £39m

January 13, 2021
BMW ad banned because ‘no-dazzle’ claim was misleading
News

Five people arrested after BMW dealership targeted twice by thieves in the same morning

January 13, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

December 21, 2020
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Investigation: Should car dealers be selling and delivering during lockdown?
News

What do we know about online used car dealer Cazoo? Who is Alex Chesterman? And will Cazoo float on the stock market?

January 5, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 5, 2021
Used car dealer Cazoo accused of online-only U-turn as it sets up physical sites and closes Imperial dealerships
News

Comment: Why Cazoo founder was naive to label this used car sales business as ‘flawed at every level’

December 1, 2020
Car Dealer Power

Car Manufacturer of the Year – Where did your manufacturer rank in Car Dealer Power 2020?

November 23, 2020
Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes
Car Dealer Live

Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes

November 28, 2020
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C