Motorpoint Group plc Operations Relaunch (5354N)
May 21 2020 - 1:00AM
UK Regulatory
TIDMMOTR
RNS Number : 5354N
Motorpoint Group plc
21 May 2020
21 May 2020
Motorpoint Group PLC
("Motorpoint" or the "Group")
Operations Relaunch
Motorpoint Group PLC, the UK's largest independent vehicle
retailer, is pleased to announce that it has launched an entirely
contactless purchase process, with customers able to choose between
free nationwide home delivery or contactless collection at any of
its 13 branches.
Operations Relaunch
Following recent clarification from National Health England and
from the Department for Business, Energy and Industrial Strategy,
the Group has recommenced customer Home Delivery and Click &
Collect services.
The Board has ensured that all operational measures are in place
to allow the Group to operate safely and to ensure that employees
and customers are protected throughout the contactless sales,
collections and home delivery processes. These measures include
additional team training, mandated use of PPE and significant
enhancements to vehicle valet & preparation. Across the Group's
sites, each of which are typically around five acres, mandatory
personal distancing protocols have also been put in place.
Both Home Delivery and Click & Collect allow our customers
to complete an entirely contactless purchase process, including
choosing their new car, agreeing part exchange valuation, arranging
finance and either collecting their new vehicle from any of our 13
retail locations or taking delivery at home, with collection of any
part exchange.
To support customers further during this unprecedented period,
the Group is offering its home delivery free of charge within
mainland UK. Furthermore, the Group is offering a GBP300 discount
to all NHS staff and social care workers to go some way to show our
appreciation for their continued efforts in relation to the
Covid-19 pandemic.
Given the extensive and robust new operational measures which
have been put in place, the Group is confident that it is well
placed to recommence full operations as soon as UK Government
advice allows.
Board and senior management remuneration
All members of Motorpoint's Board have taken voluntary salary
and fee reductions of at least 50% for the duration of lockdown.
Savings from these reductions are being used to top up the salaries
of the Group's wider employee base to ensure that none of the staff
currently placed on the Government's Coronavirus Job Retention
Scheme earn less than the Real Living Wage.
Mark Carpenter, Chief Executive Officer of Motorpoint Group PLC
commented:
"The safety and welfare of our team and customers remains at the
forefront of everything we do, so I am pleased that we are now able
to resume a fully contactless sales and handover process. The
senior team have worked tirelessly to ensure we have all
appropriate training, equipment and support available ahead of our
site teams returning.
"The Board remains confident in the Group's robust and resilient
business model during this difficult time."
Enquiries:
Motorpoint Group PLC via FTI Consulting
Mark Carpenter, Chief Executive
Officer
James Gilmour, Chief Financial
Officer
FTI Consulting (Financial PR)
Alex Beagley
James Styles
Sam Macpherson 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Group's principal business is the sale of
nearly-new vehicles, the majority of which are up to two years old
and which have covered less than 15,000 miles. Motorpoint sells
vehicles from brands representing over 95 per cent of new vehicle
sales in the United Kingdom, with models from Ford, Vauxhall,
Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top
sellers. The Group operates from 13 retail sites across the United
Kingdom: Birmingham, Birtley, Burnley, Castleford, Chingford,
Derby, Glasgow, Newport, Oldbury, Peterborough, Sheffield, Swansea
and Widnes, of which five have opened in the last five years;
together with a national contact-centre dealing with online
enquiries.
More information is available at www.motorpointplc.com and
www.motorpoint.co.uk .
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END
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