Vertu Motors has confirmed that it is in discussion with a number of parties over the acquisition of “a number of BMW dealerships” following speculation that Inchape is set to sell a number of sites.
Suggestions that Ford car retailers could go out of business as the result of a Brexit-related change to the brand’s VAT invoicing have been branded as “scaremongering”.
Ford retailers who are unable to find £750,000-per-dealership site to fund a post-Brexit change to the brand’s VAT invoicing regime could be forced out of business, it has been claimed.
Vertu Motors’ COVID-19 recovery accelerated the AM100 PLC to a £19 million profit in Q2 to reverse a £14.3m Q1 loss and deliver a profit in a challenging period for automotive retail.
Vertu Motors has completed the acquisition of Sandicliffe Motor Group’s Kia dealership in Nottingham.
Vertu Motors has appointed two new national fleet sales managers for its Vansdirect light commercial vehicles (LCV) retail business.
Vertu Motors has welcomed a new senior leadership team at its Farnell Jaguar Land Rover (JLR) dealership following completion of a £2.4 million makeover of the facility.
Stoneacre Motor Group’s founder and owner Richard Teatum has invested over £3 million in rival car retail group Vertu Motors.
Mercedes-Benz of Slough has appointed Raj Virdee as its new head of business.
Vertu Motors has delivered an adjusted profit before tax of £7.4 million in July after post-lockdown trading has been “significantly stronger than envisaged”.
Vertu Motors' Vansdirect online commercial vehicle sales division has appointed Samantha Ward as its new operations director.
Vertu Motors has brought Citroen under the same roof as its existing Ford franchised in Worcester as part of a £250,000 upgrade of the car dealership’s facilities.
Vertu Motors has named 17-year-old Farnell Land Rover Nelson service advisor apprentice Susannah Kendall as the winner of its annual ‘Apprentice of the Year’ awards.
Bristol Street Motors’ Chingford Vauxhall dealership has been denied planning permission to resurface an area of green belt land for vehicle storage after making use of the land ‘illegally’ for nine years.
The time has come for the Government to give a definitive bit of advice, to codify what the Prime Minister could only splutter when he said: “Instead of ‘stay at home if you can’ – I think we should now say, well, ‘go back to work if you can’.”
Vertu Motors has taken the decision to cut 345 jobs as it looks to future proof its operations through increased automation in the wake of the COVID-19 lockdown.
Vertu Motors chief executive Robert Forrester has said that the Society of Motor Manufacturers and Traders (SMMT) June registrations data “didn’t tell the right story”, insisting that the reality was far more positive.
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown.
Car retailers across the UK reported that demand from car buyers left pent-up during the COVID-19 lockdown period had resulted in a bumper return to showroom trading on June 1.
More than 40% of franchised car retailers think manufacturers could be doing more to help, AM's research showed
