Motorpoint Group plc Opening of 12th site - Sheffield (6006D)

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RNS Number : 6006D

Motorpoint Group plc

28 April 2017

28 April 2017

Motorpoint Group PLC

("Motorpoint" or the "Group")

Opening of 12(th) 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 12(th) 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 12(th) 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                via FTI Consulting 
  Mark Carpenter, Chief Executive 
  Officer 
  James Gilmour, Chief Financial 
  Officer 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 28, 2017 02:00 ET (06:00 GMT)