Big Motoring World predicts £1bn turnover following latest acquisitions

Big Motoring World is expected to break £1 billion turnover this financial year following its recent growth and latest acquisitions of two Available Car locations for an undisclosed sum.

The new locations in Leeds and Cannock follows Big Motoring World’s recent expansion into Wimbledon and adds 200 employees and takes the group to eight locations.

In October 2020, Big Motoring World revealed it was actively seeking further premises across major metropolitan hubs as part of a bid to grow its footprint nationwide.

The group has since added a further five retail sites to its portfolio, including the latest two dealerships.

The business said the news marks the next milestone in the group’s expansion and the group has confirmed its ambition to grow further yet.

In August, Big Motoring World announced a 68% year-over-year EBITDA increase from £9.4m in 2021 to £15.9m in 2022.

The published accounts also reveal turnover reached £529 million - which is a 42.5% increase on its 2021 trading. The business sold 27,361 used cars across the group last year. This growth and latest acquisitions are expected to boost turnover to the £1bn mark.

Peter Waddell, founder and chief executive, said: “The news today highlights the next milestone in our nationwide expansion.

“We have a well-proven omnichannel technology-first business model that’s proved to be sustainable even in tough trading conditions, evidenced by our latest accounts.”

Waddell said the group would continue to grow nationally. He added that Available Car’s family-owned heritage, focus on high quality service and large, well-located sites were the driving factors behind the acquisition.

He added: “Our customers love our straight-forward and honest approach to vehicle retailing and the value proposition we offer.

“Our vehicles are priced to sell, and we focus heavily on the customer experience, eliminating the pain points seen at most dealerships.”