Great Wall expands in NQ

The Townsville dealership of China's Great Wall Motors is to have a new showroom. The Motoco Group, operated by Jason Collins and Alan Baxter, has confirmed its purchase of the former BP service station site at the corner of Bowen Rd and Balls Lane, Mundingburra, for $1 million.

The firm will spend about another $500,000 converting the property into a showroom and car yard for the dealership, which it has operated for about four years. It will also sell Foton light trucks. Motoco dealer Jason Collins said the Great Wall team, which had traded almost opposite on Bowen Rd alongside its used car business, had earned its new location.

“They should have their own stand-alone facility,” Mr Collins said. “We are consistently in the top 10 in Australia with Great Wall.” There are about 80 Great Wall dealerships around the country and the number is growing. It is one of the largest manufacturers in China, where the auto industry has exploded in recent years to become the world's largest vehicle maker.

Work to fit out the new Townsville showroom has just began. “It will be gutted and turned into a showroom with a new glass facade and a modern awning,” Mr Collins said. He said they were confident about the prospects for business in Townsville despite a difficult market recently.

“Townsville has been very good to this business,” Mr Collins said. “Talking to the Gold Coast dealers, they are still doing it tough and there's a general feeling that we have it far better in this area.” Peter Wheeler of Colliers International Townsville, who negotiated the sale of the 2233sq m property, said the purchase opposite Motoco's Audi Townsville Centre was a logical extension of their business.

But with interest rates at their lowest levels for some 50 years, it was also a well-timed move. “Now really is the time to be buying. It's a good time to be getting into the market,” Mr Wheeler said. The Motoco Group which also operates in Cairns was formerly Honeycombes Cars. It has dealerships in Audi, Alfa Romeo, Citroen, Fiat, Great Wall, Peugeot, Winnebago and Millard. It is also involved in Rising Sun Marine and Townsville Suzuki Marine dealerships.

tony.raggatt@news.com.au