Hertfordshire-dependent Brayleys Cars has bought Orpington Honda from Lookers for an undisclosed sum.
The acquisition provides the team protection for the Japanese company all-around the M25 and positions it as Honda’s largest personal franchisee in the Uk with 8 showrooms and ten aftersales outlets.
The Orpington outlet joins Brayley Honda’s community of dealerships in Enfield, St Albans, Hemel Hempstead, Ruislip, Thames Ditton, Ewell, Leatherhead and Romford plus a stand-alone aftersales facility in Grays, Essex.
In addition to Honda, Brayleys signifies Kia, Mazda, Renault and Dacia at 15 product sales details throughout the Dwelling Counties, Higher London and Thames Valley.
Brayleys Autos is rated 90 in the Motor Trader Major 200 Seller Teams with annual turnover of £134.1m.
MD Paul Brayley (pictured) recognized Brayley Honda in 2003 and carries on to operate the enterprise. He marketed a majority shareholding in the firm in 2018 to the Dubai-centered conglomerate, AW Rostamani Team.
Brayley, mentioned: “Despite continuing headwinds from the world wide semi-conductor lack and the pandemic, Brayleys delivered an exceptional money functionality in 2021, which has supplied us the self confidence to enter 2022 with an optimistic outlook.
“The addition of Orpington Honda into the Brayleys family gives the team comprehensive coverage of the M25 for Honda with whom we have been very pleased to companion for just about 20 yrs.
“All of our franchise brand names are effectively positioned with the roll-out of EV products, so we foresee an additional active calendar year in our showrooms and also on the net sales, which we thoroughly integrated previous yr.”
Khalid Al Rostamani, chairman and CEO of AW Rostamani Group claimed: “The even further growth of Brayleys is testomony to the exceptional stewardship of the team by Paul Brayley and his dedicated workforce, during exceedingly difficult disorders in the United kingdom motor vehicle current market.”