Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Armstrong Expands Into Auckland Market

Armstrong Expands Into Auckland Market


Leading New Zealand motor vehicle retailer Armstrong Motor Group makes its Auckland debut with the acquisition of two high profile Toyota dealerships.

New Zealand owned and operated Armstrong Motor Group has this month taken ownership of Great North Road and Mt Wellington Toyota Dealerships from Sir Colin Giltraps’ Giltrap Group.

Armstrong Motor Group, founded in Christchurch in 1993, has grown steadily to become one of the largest and most successful automotive retail businesses in the country.

The deal increases Armstrong Motor Group’s retail footprint to eleven dealerships across eight markets, representing 20 authorised franchise brands and employing over 350 people.

Armstrong founder and CEO Rick Armstrong said the acquisition is a significant step in the company’s growth strategy, “We’ve had our eye on the Auckland market for some time now but have been waiting for the right opportunity. New Zealand’s number one selling vehicle brand, in the biggest selling vehicle market, was an opportunity we jumped at”, he continued.

The Auckland City and Mt Wellington dealerships, which sell 100 new vehicles per month and the same in second hand vehicles, are currently ranked the number two and three best-performing Toyota dealerships in the country.

The company is thrilled about its investment in the Toyota brand, “Toyota is an iconic Kiwi brand with an unprecedented range of products for all New Zealanders, from families to the commercial sector. We’ve been impressed with the company’s focus on quality, market leading technology and innovative styling - that the brand hopes will attract a younger driver, said Armstrong.

Armstrong, who has relocated from the company’s headquarters in Wellington to Auckland to run the two dealerships, said he is looking forward to working with the Toyota team to inject the Armstrong’s personal approach into the day-to-day running of the dealerships, “Armstrong Motor Group has over the years built a reputation for exceptional customer service and customer care programmes, which we are focused on implementing in Auckland as quickly as possible.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news