Vertu Motors is set to relocate its Kia Nottingham dealership into its existing Volkswagen dealership operation in the city as it continues to consolidate its UK retail operations.
Vertu Motors has reported that it expects its pre-tax profits for the financial year ending February 28, 2021, to exceed analysts’ current £18 million forecasts.
Vertu Motors’ Bristol Street Motors division has seen a Citroen franchise added into its Macclesfield Ford dealership operation as part of a £200,000 redevelopment of the facility.
Vertu Motors has promoted Honda Grantham general manager Mark Goode to the newly-created role of Vertu Motorcycles division brand director following the acquisition of BMW Motorrad Sunderland.
Vertu Motors has completed its long-awaited acquisition of 12 BMW, Mini and BMW Motorrad franchised motor retail outlets across five locations from Inchcape’s Cooper BMW division.
Inchcape UK CEO James Brealey has asserted that his retail group remains “committed” to its BMW and Mini franchises after confirming it is in the latter stages of disposing of sites in the North East and Croydon.
Vertu Motors has begun recruitment for a BMW division expected to be created from a multi-site acquisition to be completed during December.
Vertu Motors has appointed Chris Harris as retail and marketing director for its specialist and premium brand car dealerships.
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.
