Major UK car dealership Cargiant has confirmed plans to close its London dealership location tomorrow (April 24), putting around 500 jobs at risk. The company held consultations with staff for weeks prior to the announcement.
Staff thanked for professionalism
Cargiant thanked their employees, stating: "We would like to sincerely thank our colleagues for their commitment, professionalism, and the constructive way they engaged throughout that process." The company added that its after-sales operation, including an office support team, will continue beyond the closure of retail activity to support customers and ensure existing commitments are fulfilled.
Declining staff numbers
Staff numbers at the dealership dropped from 511 down to 483 in 2024. The vehicle supermarket previously had more than 2,000 cars available and was among Britain's busiest used car dealerships. The site covers roughly 50 acres and is estimated to be worth around £100 million.
HS2 interchange proximity
The site sits adjacent to a planned HS2 interchange that will link HS2, the Elizabeth Line, overground, and other transport connections. Cargiant has encountered difficulties in recent years, with directors being compelled to attempt to sell the business and land. The closure follows Cargiant's owners' failure to "secure a viable future for the business."
