Sytner sells 4 VW sites to Johnsons
15 November 2019
Sytner has sold four of its 12 Volkswagen sites to Midlands-based Johnsons Cars for an undisclosed sum.
The move takes Johnsons to nine Volkswagen franchises and a total franchise count of 42 from a wide mix of brands. Johnsons has been growing over recent years mainly through new openings although it has had other acquisitions including T H White in Swindon last year.
The sites bought by Johnsons are in Liverpool, Stoke, Stafford and Warrington.
Privately owned Johnsons, which was founded in 1999, had a turnover of £432 million in 2018, up 20% on the previous year.
Talking exclusively to Auto Retail Agenda, Sytner finance director, Adam Collinson said: “This will leave us with four Volkswagen in Yorkshire, one in Llandudno and two in Belfast.”
Mr Collinson added that Sytner’s Halifax Volkswagen site, not part of the remaining four in Yorkshire, was due to close at the end of the month.