Pendragon is preparing to close several of its Evans Halshaw Vauxhall dealership locations as part of the PSA Group-owned brand’s plan to shrink its UK retail network.
A statement issued by the group said: “Following proposals by Vauxhall to revise its future distribution strategy, Pendragon has agreed to the closure of a small number of Evans Halshaw Vauxhall sites, predominantly in satellite locations.
“Pendragon has now entered a period of consultation with affected team members, and we will work with them to identify possible alternative roles across the Pendragon Group.”
Pendragon’s UK footprint has been shrinking since a decision to review its portfolio of premium car dealerships amid failing profitability, with previous chief executive Trevor Finn shifting the group’s focus onto the used car sector.
In September last year, however, the AM100’s former number one group by turnover revealed plans to close 22 of its Car Store used car supermarkets and one vehicle preparation centre after detailing a £32.2m underlying pre-tax loss in its H1 2019 financial results on September 18.
[source: Automotive Management online]