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PRIVACY
Retail & Consumer

Car retailer Motorpoint investing in a new outlet in Swansea

Its new five acre supermarket is on the site of a former B&Q store

Motorpoint Group(Image: DA CHUBB)

The º£½ÇÊÓÆµ'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£½ÇÊÓÆµ, 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