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BMW confirms sale of its largest Australian dealership

BMW Group Australia has introduced the sale of its company-owned dealership in Sydney to the Australian Motor Group.

Based in 1989, BMW Sydney (and Mini Storage Sydney) is positioned at 65 Craigend Avenue in Rushcutters Bay, having not too long ago undergone a $65 million redevelopment in 2019. It’s the most important of BMW’s Australian vendor websites, with a complete of 1950 new BMW and MINI automobiles and 1132 used automobiles bought in 2022.

The dealership has been bought to the Australian Motor Group for “an undisclosed worth”, however given the scale and significance we anticipate the determine is a very huge one.

“As a number one and modern premium automotive model, BMW Group constantly analyses its enterprise operations and has made a strategic resolution to shift its focus away from proudly owning a retail outlet in Sydney and to promote it to the Australian Motor Group, one in every of its sellers inside its retail community,” BMW stated in its media launch.

BMW Group Australia provides it’s represented by “by impartial traders who collectively personal 48 dealerships throughout Australia”.

The Australian Motor Group is a family-owned enterprise with a portfolio of 25 dealerships nationally overlaying 13 automotive manufacturers. It already owns the Hornsby BMW dealership, which received the BMW Vendor of the 12 months Award in 2022 in addition to the BMW Metro Vendor of the 12 months award in each 2021 and 2022.

BMW Group Australia says this “strategic transfer” will see the Sydney dealership come into new possession by the top of this yr, and can see the switch of “all expert dealership workforce to the Australian Motor Group”.

“The Australian Motor Group has a confirmed observe document of excellence and their unwavering dedication to buyer satisfaction and enterprise innovation align seamlessly with BMW Group’s values,” stated Wolfgang Buechel, CEO of BMW Group Australia.

“We’re assured that underneath their stewardship, the dealership will proceed to thrive, providing an distinctive working surroundings for employees and delivering high-quality service to our valued prospects.”

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