Carcraft (1 Viewer)

Affiliate links here may earn MHF compensation

Ivory55

Free Member
May 23, 2012
6,017
14,538
North West Norfolk
Funster No
21,175
MH
Coachbuilt
Exp
Since Feb 2012
I heard Carcraft has gone under , is this a sign of spare cash people have is running out ?
 
D

Deleted member 29692

Deleted User
Or that the expensive finance terms that they loved to push is becoming harder to find?

Administrators Grant Thornton said the group had suffered from "poor market reputation, lack of investment, a high cost base, expensive loan note financing and an insolvent balance sheet".

"The group is said to be making annual losses of about £8m a year."

That about covers it. Surprised they kept going as long as they did if that's the case.

http://www.bbc.co.uk/news/uk-england-manchester-32538820
 

mike mcglynn

LIFE MEMBER
Deceased RIP
Jan 6, 2008
2,700
32,552
St. Helens MERSEYSIDE
Funster No
1,144
MH
Autosleeper Warwick XL
Exp
A long time now
I for one am not surprised have you ever been in one of their showrooms we made that mistake last year when looking for a new car we had just walked in and were approached by a young lady who insisted that we take a seat whilst she introduced to us how to buy a car ,demanded our names and addresses, and what car we had ,when I asked did she have any 4x4 switchable drives she didnt know what I was talking about and went to ask somebody else we left at that point,:LOL:
 

hilldweller

LIFE MEMBER
Dec 5, 2008
605
36,110
Macclesfield
Funster No
5,089
MH
Zilch Mk1
Exp
From Aug 2007
Being northern based it was on local news, they've been losing £8,000,000 a year. Pretty careless.
 

tonka

LIFE MEMBER
Jul 2, 2008
10,921
21,805
Cannock, Staffs
Funster No
3,141
MH
A class Burstner 800
Exp
Since 2000
Maybe just Carcraft was a bad business..
My nephew worked there and we heard some "right stories" about hard selling ... He left as not comfortable after seeing some "older" and young family clients get talked in credit agreements etc..

Subscribers  do not see these advertisements

 
2

2657

Deleted User
Remember them starting business in Rochdale many moons ago.
Started off as a small garage/accessories shop at Heybrook Corner, Rochdale then opened a bigger shop across the road, they used to have adverts on the local cinema's in the 60's.

The business expanded steadily over the years under the original owner and then his sons and at some point a quantum leap occurred.

The business model always seemed dodgy to me as they were much more interested in selling the finance than the cars, salesmen would rapidly loose interest if you were self financing.
 

Mr B

LIFE MEMBER
Feb 1, 2015
1,001
1,999
Yorkshire
Funster No
34,968
MH
Rapido 7065ff Design Edit
Exp
Since 2015.......
Does it mean that the " we buy any car " ads have stopped, seeing that's where carcraft got most of their stock from??????
 
Feb 16, 2013
20,063
53,312
uttoxeter
Funster No
24,713
MH
ambulance conversion
Exp
50 years
Never bought a vehicle from a car sales place apart when I thought I was on the up and bought a new Peugeot 405, :(apart from thatalways private just don't like people making money for nowt out of me.

Subscribers  do not see these advertisements

 

Join us or log in to post a reply.

To join in you must be a member of MotorhomeFun

Join MotorhomeFun

Join us, it quick and easy!

Log in

Already a member? Log in here.

Latest journal entries

Funsters who are viewing this thread

Back
Top