Used automotive supplier Autovogue has closed its doorways and blamed ‘failing used Jaguar Land Rover autos’ as one of many most important contributors.
The enterprise, positioned at The Previous Storage, Stableford, in Staffordshire, claimed it had spent £198,000 in 2022 repairing JLR merchandise in a press release printed on its web site earlier this week.
It mentioned that ‘with deep remorse’ it had ‘ceased buying and selling’, within the observe posted this week.
Autovogue wrote: ‘Sadly in recent times and with the event of the worldwide economic system after Covid-19, additional compounded by Ukraine and excessive UK inflation the automotive sector has been hit laborious with vital pressures.
‘Autovogue UK have suffered big further prices and persevering with points with failing used Jaguar Land Rover autos which have been immediately as a result of poor manufacture of those autos by the Jaguar Land Rover group and never Autovogue UK restricted related works.
‘Many failing after below 10,000 miles and the direct restore value damaging the stability sheet for Autovogue UK Restricted in 2022 of some £198,000.’
The used automotive supplier added: ‘After some 9 months of intense funding rounds to assist the expansion of the enterprise and new fashions to maneuver away from Jaguar Land Rover autos to extra secure producers resembling Audi, BMW, Mercedes & Porsche talks broke down immediately as a result of distressed economic system/retail market and the traders in the end determined to not proceed with the backing required, leaving no alternative however to shut the corporate.’
The enterprise has since eliminated the assertion from its web site but it surely stays on its Instagram.
View this submit on Instagram A submit shared by AUTOVOGUE UK (@autovogue_avr)
Clients of the posh used automotive dealership contacted Automotive Supplier in January once they discovered Autovogue had shut its premises, closed social media accounts and stopped answering their telephones.
Employees on the dealership are believed to have been made redundant and Autovogue mentioned it was ‘extremely emotional’ after ‘some 30 years of buying and selling’.
Autovogue described itself as an unbiased sports activities, status and SUV specialist on its web site. It supplied automotive gross sales, conversions and bodywork from its Staffordshire base.
Jaguar Land Rover was contacted for touch upon the claims from the used automotive supplier.
A spokesperson for the producer instructed Automotive Supplier: ‘At Jaguar Land Rover we’re dedicated to making sure our purchasers obtain the best doable ranges of service all through the possession cycle.
‘As such, we now have a longtime accredited used service community providing a clear market-leading scheme for consumers of pre-owned Jaguar or Land Rover autos.
‘We now have 124 accredited used retailers within the UK all providing a minimal 12-month accredited guarantee, 12-months of 24/7 roadside help, 165 multi-point inspection and an unbiased mileage and historical past verify in order that we will present our clients’ peace of thoughts when shopping for a pre-owned automobile.
‘We additionally function a 30 day/1000-mile conditional automobile alternate settlement, half alternate service and complimentary driving experiences as normal.’
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