One of Britain's largest used car dealerships, Cargiant, has permanently closed its doors, putting approximately 500 jobs at risk. The West London-based company shut down retail operations on Friday after more than 50 years of trading.
The firm, which operated from a 46-acre site in Park Royal, began winding down sales earlier this month following a consultation process that explored potential survival options. Despite these efforts, the business confirmed that closure was inevitable.
At its peak, Cargiant stocked over 2,000 vehicles and sold more than one million cars over five decades, establishing itself as a major player in the UK's car supermarket sector. The site, valued at around £100 million, is situated near key transport links including the Elizabeth Line and the planned HS2 route.
In a statement, the company expressed 'great sadness' over the decision and thanked staff for their professionalism during consultations. While retail operations have ceased, Cargiant confirmed that some after-sales services and support teams will continue temporarily to fulfil existing customer commitments.
The closure marks a significant shift in the UK's second-hand car market, with the departure of one of its most prominent and long-established dealers.
