EMCC European Monitoring Centre on Change

Car Store

Company/Organisation:
Car Store

Geographic Location

Country: United Kingdom

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
45.11 - Sale of cars and light motor vehicles
Group: Pandragon

Employment Effects

Announcement Date: 18-09-2019
Planned Job Reductions min: 300
Planned Job Reductions max: 300
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2019

Additional Information

Used car sale company Car Store announced its plans to close 22 of its 34 sites across the UK. The closure of stores is expected to take effect by the end of 2019 and to result in the loss of around 300 job positions. According to reports, the sites have not been identified yet but they are considered the worst performing in the group. The company points to Brexit and the uncertainty around the UK's relationship with the EU as factors that have eroded consumer confidence.

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