Vertu Motors has made another acquisition, bringing its representation of Nissan up to nine sites.
It has taken over the Harratts Nissan and Volvo dealership in Sheffield's Attercliffe Road, which will be rebranded as Bristol Street Motors.
Vertu Motors already operates Nissan franchises in Derby, Ilkeston, Northampton, Altrincham, Widnes, Bradford, Darlington and Glasgow.
It opened its first Volvo dealership, in Derby, last year.
Vertu Motors now operates a total of 106 sales and aftersales outlets across the UK.
Robert Forrester, CEO, said: “We are delighted to announce the next step in our growth with both Nissan and Volvo. This is the first time the Bristol Street Motors brand has been represented in the city of Sheffield, which is the fifth largest in the UK.
"The new outlets will complement existing group businesses in the region in Barnsley, Doncaster and Chesterfield, and brings the number of outlets in Yorkshire to 12.
“We are continuing to develop the group by adding to existing franchise relationships as well as exploring new manufacturer partners. This acquisition increases the group to 106 sales and aftersales outlets and will enable us to continue to generate profitable growth for our shareholders.”
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
Shareholder - 03/02/2014 11:59
On the face of it a good acquisition so long as at the right price and not a huge investment required. I am hoping to see some evidence of efficiency and cost savings this year.