Sytner to axe CarShop name, rebrand and sell some stores

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Sytner is conducting a major overhaul of its used car Carshop business looking at rebranding of the stores to become Sytner Select Approved Used Cars superstores.

It is also talking to an unnamed party with a view to calling some of the Carshop stores as a going concern and shutting one outlet.

Sytner bought the CarShop business in 2017 and subsequently rolled out Carshop Express stories.

Sytner currently has 11 Carhops based Bristol, Cardiff, Doncaster, Manchester, Northampton, Norwich, Nottingham, Sheffield, Swindon, Warrington and Wolverhampton.

“We can confirm that after conducting a strategic review, including a successful pilot at one former CarShop location, the Group is consulting with our CarShop team regarding the potential rebranding of the majority of our CarShop locations, to become Sytner Select Approved Used Cars superstores.

“In addition, we can confirm that we are also in advanced negotiations with an interested party to sell a minority of the CarShop locations as a going concern, as well as potentially closing one location.

“Our priority as always, will be to protect as many jobs as possible whilst ensuring that the long-term future success of the business is secured.”

The Sytner move reflects the smaller used car parc as a result of successive years of low new car sales.

Other dealers have also changed their supermarket business. Pendragon shut CarStores, Peter Vary shut two businesses in Scotland and Motorpoint stalled its expansion plans.

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