Management buys Hull Renault dealer
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• Managers at Hull-based Renault VI dealer Thompson have bought the firm from its parent Thompson Group.
Managing director Brian Silvey and four of his colleagues were backed by the Bank of Scotland. Thompson Group has sold off several of Its operations in recent years, Including Its Hull Vauxhall dealership.
&Ivey, 56, has been with the firm for 40 years and has run the RV1 outlet for the past 12. "it's a big thing to do at my time of life, but I've got a strong team here, and the other members are a bit younger than myself," he says.
"I've every confidence in the business we've bought, and In the Renault product" Trading as Thompson Commercials, the company sells around 100 new trucks a year and about 100 used, as well as 50-60 Master vans The used market has been atrocious this year, but it is coming back now," Sihrey remarks As well as its main outlet in Hull the firm has a site at Boroughbridge, North Yorkshire.
Triaxie tractors dominate its sales, although 4x2 Magnums remain popular with operators on Continental work.
*tie mars on used trucks my not be outstandirg, Thompson's aftemiarket business is healthy. Savoy reports "Scene 90% of the twits we sell come back here to be rnaiitained."