Vertu is looking to boost profits and cut costs by moving to a multi-franchising strategy. Speaking to Auto Retail Bulletin following Vertu’s trading statement revising the company’s profitability...

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Vertu has completed the purchase of five BMW and Mini businesses from Inchcape plus one BMW Motorrad business and a used car site for a total cash consideration of £18.7 million plus £8.9m of used...

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  VERTU COMPLETES BMW PURCHASES FROM INCHCAPE PORSCHE RETAIL GROUP MARGIN GROWS TO 3.1% RETAILERS BACK AGENCY MODEL AUTO RETAIL LIVE TO SET 2021 AGENDA DCH MILLBURN IS ‘BEST US DEALER’ BARBER...

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  AVERAGE PAY FALLS, FEWER STAFF FORECAST WHAT DID RETAILERS LEARN IN THE FIRST LOCKDOWN? VERTU’S FORRESTER PRESENTS £3k WATCH TO TOP SALESPERSON CHARLES HURST’S McNAB TO RETIRE AUTO RETAIL...

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Robert Forrester, Daksh Gupta, Mike Hawes and Sue Robinson have all criticised the lockdown measures to be introduced on Thursday 5 November, which sees auto retailer showrooms forced to close. Mr...

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  AUTO INDUSTRY SLAMS LOCKDOWN DECISION LLOYD PROFIT FALLS 24% IGA SHORTLISTED FOR COVID CHAMPION AWARD AUTO RETAIL LIVE TO DISCUSS LOCKDOWN FRENCH RETAILER LOCKDOWN BLOW GROUP 1’S HESTERBERG:...

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  HEADLINE SPEAKERS WILL HELP YOU MEET 70-PLATE TARGETS WELSH SYTNER BMW MINI CLOSES STONEACRE TARGETS DISUSED LAND FOR VOLVO SITE VIDEO ‘TREBLES CONVERSION’ WORLD NEWS – US sales...

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“Strong pent-up demand” is driving a surge in sales of new and used vehicles at Vertu’s Scottish retailers, says CEO Robert Forrester. Its Glasgow central Nissan dealer was the...

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The NFDA has issued guidance for hygiene and social distancing when conducting online sales. A distance of at least two metres between people must be maintained at all times, which should be...

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Guest blog by Robert Forrester Last week, Auto Retail Network discussed some of the issues around delivering cars to customers and the balance between keeping the UK economy going as much as possible...

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  NFDA ISSUES ONLINE SALES CAR DELIVERY GUIDANCE CORONAVIRUS LARGE BUSINESS LOANS LAUNCH TODAY POST-LOCKDOWN STOCK WARNING DICK LOVETT, PREMIER CAR SUPERMARKET PLANS CORONAVIRUS: AUTO INDUSTRY...

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Vertu has bought Synter’s four remaining Volkswagen car businesses in England, for £8.8 million. The deal takes Vertu to nine Volkswagen car franchises. Vertu expects the acquisition to be...

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Vertu has opened two new Hyundai dealerships in the North East in the past week. One franchise takes over Vertu’s former Infiniti showroom in Silverlink, Newcastle and the second will operate as a...

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  VERTU GROWS WITH HYUNDAI SHERWIN JOINS WILLIAMS AS NON-EXEC MITCHELLS IS RENAULT DEALER OF THE YEAR – AGAIN MG ON TRACK TO MEET RETAILER TARGET FIRST AUTO RETAIL LIVE OF 2020 LAUNCHES BYTON...

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Since 2015, average new car CO2 emissions have been going in the wrong direction. Everyone knows why this is so bad: colloquially known as CAFE, it’s the 2020-on EU range-wide average of 95g/km CO2....

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Vertu has seen a 6.9% drop in pre-tax profits for the six months ended 31 August on a turnover up 5.6% to £1.6 billion, against the same period last year. Profit before tax slipped £1.2 million to...

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Honda’s strong performance in the latest NFDA Survey reflects the positive response from retailers to its two-year plan to cut the number of outlets to around 125 sites, head of car Phil Webb said...

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HONDA NFDA SUCCESS VALIDATES STRATEGY IMPERIAL CAR SUPERMARKETS PROFITS SLUMP GM CEO JOINS NADA SPEAKER LINE-UP LABOUR EV SCRAPPAGE SCHEME NEW JERSEY RETAILERS SUE TESLA GERMANY’S £48BN CLIMATE...

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In a complex automotive world, the industry is under attack from people who don’t actually understand the business and certainly are not interested in the empirical data, and who are coming up with...

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Full year profits for Vertu Motors are down for the second year in a row as the group continues to reflect the difficult trading conditions in auto retail. The group has delivered adjusted profit...

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