NZ Cheap Cars deal
Buyout by management will see company operating under existing structure and brand.
Posted on 19 November, 2025
A management buyout of NZ Cheap Cars Limited has been successfully completed.
Managing director Michael Yang, and Neil Saunders, chief financial officer, have acquired full ownership of the company from co-founder Eugene Williams after a structured financing process.
A statement from the company reads: “Williams, who also founded and previously listed 2 Cheap Cars on the NZX, has now fully exited the New Zealand used-car retail industry.
“NZ Cheap Cars will continue operating under its existing brand and management structure with a focus on steady growth and maintaining its position as one of the country’s leading used-vehicle dealership groups.”
