Sydney sale follows Melbourne divestiture of Laverton and Somerton operations
Daimler Truck and Bus (DTB) has announced the sale of its Huntingwood dealership in Sydney to Velocity Vehicle Group (VVG).
The sale comes after DTB divested its Victorian dealership operations at Laverton in 2016 and Somerton last year.
US-based VVG became Australia’s newest truck dealers through a deal signed with Eagers Automotive last year, with this deal expanding its footprint here.
Daimler said this latest sale represents its exit of the own-retail sector and is good news for customers.
“Moving away from own retail allows for a singular focus on providing Daimler Truck and Bus customers the best truck and bus solutions across all segments,” DTB CEO Daniel Whitehead said.
“Selling and servicing commercial vehicles is the speciality of our dedicated truck dealer partners, so it makes sense for them to provide our channel to market and to offer industry leading support for our customers.
Velocity’s agreement with Eagers, here
DTB Australia Pacific after sales and network operations director Greg Lovrich said Daimler Trucks Huntingwood has been a strong performer throughout the years and is currently the highest volume Daimler dealership in Australia.
“Daimler Trucks Huntingwood has been one of our best performing dealerships, a multi award-winner with a wealth of experience from spare parts and service through to the showroom floor,” he said.
“We want to thank the employees for their commitment and wish them continued success under the stewardship of Velocity Vehicle Group.”