The º£½ÇÊÓƵ's largest independent car retailer, Motorpoint, is investing in a new outlet in Swansea.
The London Stock Market listed business, which in the first of half of its current financial year saw its revenues rise 1% to £533.9m on the previous year with a 18.3% fall in pre-tax profits to £9.4m, said its five acre retail outlet in the city will open at the end January.
It will be on the site of the former B&Q store on Samlet Road.
Motorpoint specialises in vehicles that are no older than three years, have less than 25,000 miles on the clock and are still under the warranty of manufacturers.
Its Swansea outlet, which will be its 13th in the º£½ÇÊÓƵ, is expected to created around 35 new jobs when fully operationally.
It will be the first to operate under its new hub and spoke model, with all work on preparing carsf for sale taking place at Motorpoint's only other car supermarket in South Wales at Newport.
The new Swansea outlet will stock around 500 vehicles, which consumers can drive away immediately on sale.
Chief executive of Motorpoint Group, Mark Carpenter, said: "Opening plans for our next site, in Swansea, are well progressed and we anticipate launching this new five-acre site in the New Year. We are absolutely thrilled to be brining our Motorpoint brand to South West Wales
"We are in advanced discussions on several further sites and expect to be able to provide an update in the coming months."
He added: "Current trading is consistent with achieving management's full year expectations, albeit with a greater weighting towards H2, however, potential outcomes from the Government's Brexit negotiations could influence our future performance in unpredictable ways."
The group is also the current naming rights partner for Cardiff's Motorpoint Arena.
Motorpoint Swansea will add to the company’s network of existing branches in Birmingham, Birtley, Burnley, Castleford, Chingford, Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield and Widnes.
In a brokers' note Shore Capital said: "The new site at Swansea will be distinctive in that it will be the first new Motorpoint outlet to open without a preparation/ work area, operating through a ‘hub and spoke’ model with the Newport site.
"The model will be analogous to that now in-effect in Peterborough, were a separate ten-acre standalone preparation site recently opened to service both the Peterborough and Chingford sites, allowing for an increase in prime selling space at established facilities."
