Peoples ends 4 a long time of Ford exclusivity because it ushers in new Chinese language manufacturers

Peoples is to increase past its 42-year historical past with Ford to incorporate Chinese language manufacturers BYD and Omoda/Jaecoo throughout its dealerships in Scotland and England.

In 2022, Peoples stated it was contemplating new automobile retail franchise partnerships after years of solely representing Ford. On the time Brian Gilda, chairman of the Falkirk-based AM100 automobile retail group, prompt that the UK’s financial uncertainty, Ford’s shifting enterprise mannequin and the problem of transitioning long-standing prospects of the now- discontinued Fiesta into a brand new automobile had all performed an element within the resolution.

Saying its newest monetary outcomes which noticed a 7.6% drop in turnover to £283.449m and pre-tax income falling from £7.255m in 2023 to £4.604m, Gilda cited these figures because the reasoning behind the strategic shift regardless of robust performances in industrial automobiles and record-breaking aftersales.