Wilsons Auctions has added two new sites to its car auctioning business, one in Newcastle and one in Kent.
It bought what was previously BCA’s SMA Remarketing Newcastle centre and acquired the Maidstone Auction
Market from Lambert and Forster. It did not reveal how much it had paid for the two sites, which bring the number of Wilsons motor auction facilities up to eight. It also has seven storage and logistical sites around the UK.
Whether you are sourcing used car stock from an auction or adding to the size of your showroom through part exchange or private deals, it’s important to have the correct coverage for the cars you have on site. When making any changes to the size of your business, always be sure to check your motor trade insurance and road risks insurance to make sure you are properly covered at all times.
BCA had to sell off the Newcastle site due to concerns from the Competitions and Markets Authority. It had acquired the northern centre in June last year as part of its reported £43 million deal to buy out the SMA group.
Peter Johnston, operations director with Wilsons Auction Group, said: “The location, premises and staff in Newcastle, will be an excellent complement to our future plans for the region and will enable us to build on the business already retained by the site.
“We have many existing contracts that we currently service in both the Newcastle and Maidstone areas, and these new acquisitions will enable us to strengthen our offering and reduce existing logistics costs."
The addition of the two new centres further bolsters Wilsons’ position in the market. It is the biggest independent auction group in the British Isles, and owns sites in Northern and Southern Ireland as well as England, Scotland and Wales.