Snows adds Vauxhall franchise with Picador acquisition

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22

Snows has acquired Picador Group primarily based within the south of England for an undisclosed sum.

Picador has two Vauxhall dealerships and likewise holds the service and restore franchise for Renault and Dacia.

Round 90 Picador employees from throughout two Hampshire places in Sholing (Southampton) and Chandler’s Ford, close to Eastleigh, will be a part of Snows.

Picador turned in pre-tax earnings of £1.5m on turnover of £41.2m within the yr to March 2022. As a consequence of provide points its Vauxhall retail gross sales fell to 313 in comparison with 376 final time.

However its used automotive gross sales soared to 2,071 from 1,560 final time. And aftersales revenues had been additionally up at £5.2m in comparison with £4.6m in 2021.

Neil McCue, chief working officer for Snows, stated: “We’re very excited to tackle this nice enterprise and warmly welcome Picador employees to Snows. It’s not tough to see why Picador is a superb addition to the Snows household.

“Like Snows, Picador was established 60 years in the past with a well-respected title within the area and constant clients, who we hope will select to take pleasure in the identical glorious requirements and repair from us.

“This thrilling acquisition allows us to supply new and used Vauxhall vehicles and vans and used automotive gross sales, plus repairs and servicing for each the Renault and Dacia manufacturers.

Previous to the acquisition of Picador, Snows represented 17 manufacturers throughout 48 dealerships, with three authorized service centres, 12 multi-franchise used automotive centres and a stand-alone Accident Restore Centre, using a complete of 993 employees.

Picador’s buying and selling title will change to Snows on 1st September. Pictured (l to r) are Graham Jacobs, Picador CEO, and Neil McCue, chief working officer for Snows.

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