The Co-Operative Motor Group has confirmed it is looking to reduce its network of 11 down to six locations.
Vertu Motors' Bristol Street Motors has been named the winner of this year’s best dealer group at the national Motability supplier awards.
Robert Forrester, Vertu Motors chief executive, has highlighted the importance of the motor retail industry to the UK ahead of the plate-change which starts on Saturday.
Several dealer groups have snapped up new sites ahead of the September plate-change and as the 2013 block exemption deadline looms.
North East Ford retailer Holiways has gone into administration.
Vertu Motors has added its sixth dealership with the Honda franchise.
At its Annual General Meeting (AGM) on 24 July, Vertu Motors outlined impressive growth in profits during the four-month period to 30 June 2012.
Vertu has opened its Bristol Street Motors Vauxhall brand centre in Chingford and has taken on 26 additional staff to operate the showroom.
Vertu Motors saw revenue push past £1 billion for the first time and operating profits increase in its financial results for the year ended February 29, 2012.
Vertu Motors’ year end results, published today, reveal turnover up year-on-year 8.9% and above the one billion mark for the first time, at £1.09 billion (2011: £999m).
Vertu Motors has issued a trading statement as the car dealer closes its financial year today which highlighted its passing of the £1bn revenue mark for the first time.
Clean data key to good marketing: Customer database is a vital tool as dealers look to improve aftersales profits.
'Ill wind' boost for F&I: Credit crunch has resulted in a big increase in the demand for dealer finance.
Vertu Motors has acquired a Vauxhall dealership in Northampton from W Grose for £2 million.
Vertu Motors has appointed ex-Lex Autolease chief executive Nigel Stead as an independent non-executive director with immediate effect.
