Sytner acquires the Car People
The news comes a year after Sytner announced its acquisition of The Car Shop in January 2017.
Established in 2000, The Car People operates from four supermarkets in Wakefield, Sheffield, Manchester and Warrington, selling 18,000 vehicles a year.
The acquisition of The Car People will enable Sytner to accelerate the expansion of their used car supermarket division and further diversify their business into this growing sector of the market.
This investment reinforces their commitment to significantly grow used car revenues.
The takeover will be finalised later this month, but for customers, things will remain unchanged.
Jonathan Allbones, operations director at The Car People, said: “The team at The Car People are incredibly excited about the recent acquisition by Sytner.
“We want to reassure customers that Sytner has bought the business because of our values and the quality of our service, and neither the team at The Car People or our colleagues within Sytner want to see that change.
“We will always seek to evolve and continue to improve. We have a built a great team of almost 600 people across our four locations over the last 17 years and we’re looking forward to growing that team and the number of locations even more now that we’re part of the Sytner family.”
Sytner Group CEO, Darren Edwards, said: “The acquisition of The Car People enables Sytner to accelerate the expansion of our Used Car Supermarket Division and to further diversify our business into this growing sector of the market.
“We are looking forward to working with the team at The Car People and helping them to develop the team as well as looking to expand the number of sites.”
Published: 18 January 2018