Vertu Motors
Vertu battles margin squeeze as ZEV Mandate shakes car market
Significant pressure on new and used car margins due to the ongoing impact of the Zero-Emission Vehicle (ZEV) Mandate has forced Vertu Motors to warn that full-year pre-tax profit will be substantially below market expectations.
UK has no plans for EU-style tariffs on Chinese electric vehicles, reports Reuters
Britain will not be following the European Union in imposing tariffs on Chinese electric vehicle (EV) imports, as no complaints have been raised by UK businesses, according to British trade minister Jonathan Reynolds.
Bristol Street Motors, Macklin Motors brands to go as Vertu embarks on national rebranding
AM100 car dealer group Vertu Motors plans to operate all its retail outlets under the Vertu banner by April - ditching the Bristol Street Motors and Macklin Motors brands – in a bid to enhance marketing efficiency and drive cost savings
Executive View: Agency is the last thing OEMs need when BEVs are such a hard sell
Andy Goss of Vertu Motors and a former car sales boss of Jaguar Land Rover, Porsche and Toyota, warns the new Labour Government that the ZEV Mandate is a blunt instrument that unintentionally may speed the exit of some franchised dealer groups.
‘State-imposed supply chain’ hits new car market, says Robert Forrester of Vertu
Car manufacturers are rationing the UK supply of petrol and hybrid cars as they grapple with government-imposed environmental targets, leading to growing frustration among consumers and industry leaders alike.