“The expansion means greater access to new and used vehicles across an increasingly diverse range of brands, backed by an extensive nationwide network of sales, servicing and aftersales specialists,” Armstrong’s said.
The acquisition expanded Armstrong’s presence across Auckland, particularly on the North Shore and in South Auckland, while introducing Ford and MG to its portfolio and strengthening its representation of existing brands.
Rick Armstrong, Armstrong’s managing director.
The company now represents more than 25 global automotive brands across 25-plus dealerships and more than 60 brand locations, including satellite service, parts and panel centres.
Armstrong’s said it has 2500 vehicles in stock and more than 1000 employees.
Chief executive Troy Kennedy said consumers were taking longer to decide on the type of vehicle and were researching more than ever.
“Expanding our network allows us to bring together an even wider range of vehicles and brands, greater specialist expertise and more convenient servicing locations, while continuing to invest in the technology, facilities and people that support our customers,” Kennedy said.
The acquisition also added six service centres and a trade parts operation to Armstrong’s existing network.
“There has never been more choice available to New Zealand motorists.
“Whether it’s petrol, hybrid, plug-in hybrid or fully electric vehicles, customers have access to a wider range of brands, technologies and price points than ever before.”
The newly acquired dealerships will begin operating under Armstrong’s ownership from this week.
Armstrong’s was founded in Christchurch in 1993 by managing director Rick Armstrong. The company remains privately owned.
Beyond its new and used vehicle retail network, Armstrong’s is involved in vehicle distribution through Auto Distribution Holdings, with specialist businesses in vehicle finance, online automotive auctions, collision repair and parts and servicing.
In 2022, the company put its initial public offering and sharemarket listing on hold, blaming market conditions.
Kennedy told the Herald the industry is going through significant change.
“We’ve seen a lot of new entrants, in particular Chinese brands, entering the market, and we’ve definitely seen a big upswing in electrification, helped by high fuel prices,” he said.
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