7 Nov 2018 11:16
7 November 2018
Cambria Automobiles plc
("Cambria" or the "Group")
AIM: CAMB
Official Launch of second Lamborghini dealership
Cambria, the franchised motor retailer, is pleased to announce that the official launch of the Group's second Lamborghini dealership took place yesterday, 6 November 2018. Cambria management welcomed Automobili Lamborghini Chairman and Chief Executive Officer, Stefano Domenicali to the new dealership, located on Dowding Way in Tunbridge Wells. The facility is adjacent to the Group's existing Bentley operation that began trading earlier this year.
The new Lamborghini site consists of a 300-square metre showroom which has been furnished in line with Lamborghini's latest corporate identity and brand standards. This new dealership builds on the Group's high luxury site portfolio and represents further excellent progress in its franchising strategy.
Mark Lavery, Chief Executive of Cambria Automobiles plc, commented:
"I am pleased to have officially launched Cambria's second Lamborghini dealership following the successful opening of our Chelmsford operation earlier this year. It was an honour to host Stefano Domenicali in Tunbridge Wells last night and to give guests the chance to see our fantastic new facilities, along with an exclusive glimpse of the Lamborghini Aventador SVJ Coupé. We look forward to developing our relationship with this high luxury brand as it continues to produce cutting edge new models."
Stefano Domenicali, Chairman and Chief Executive Officer of Automobili Lamborghini, said:
"The UK is a significant and growing market for Lamborghini. The investment made by our partners in new dealerships, both here and around the world, reflects our brand's growing appeal, particularly among a broader audience attracted by the new Lamborghini Urus. This new UK facility perfectly represents the marque, not only in terms of our corporate identity but most importantly, as an environment to present our expanding model line-up to a diverse and growing client base."
-Ends-
Enquiries:
Cambria Automobiles Mark Lavery, Chief Executive James Mullins, Finance Director www.cambriaautomobilesplc.com
| Tel: 01707 280 851 |
N+1 Singer - Nomad & Joint Broker Mark Taylor Jen Boorer
| Tel: 020 7496 3000 |
Zeus Capital - Joint Broker Dominic King
| Tel: 020 7533 7727 |
FTI Consulting Alex Beagley / James Styles / Fern Duncan
| Tel: 020 3727 1000 |
About Cambria - www.cambriaautomobilesplc.com
Cambria Automobiles ("Cambria") was established in 2006 and has built a balanced portfolio of high luxury, premium and volume car dealerships, comprising over 40 franchises representing major brands across the UK. The Group's businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.
The Group's strategy is to complement its existing franchise and brand portfolio by acquiring earnings enhancing operations, using its strong balance sheet and disciplined approach to capital allocation.
Cambria's medium term ambition is to create a £1 billion turnover business producing attractive returns on capital.