Several listed retailers reported in May, and first off the blocks was Vertu with its final results for the year ending 28 February 2019. The numbers are interesting: profit before tax of £25.3m...

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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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A busy March saw a number of retailers reporting their results, turning in some very different performances in a more difficult market. First came Vertu with its preliminary results to 31 January...

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January was a relatively quiet month for retailers reporting or making announcements. First came Cambria which, at the start of January, outlined its trading for the first three months of its current...

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It’s a bit more than a few straws in the wind when Vertu buys a £35 million-a-year online van dealer, when Evans Halshaw puts more emphasis on its Vauxhall Van Business Centres, when the SMMT, NFDA...

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Vertu has acquired Newport based Vans Direct for £7.5m, in an acquisition that the board expects to be immediately earnings enhancing. Vertu CEO Robert Forrester said “This is an exciting...

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Three automotive retail groups announced results in October – Vertu, Marshalls, and Pendragon. Vertu’s unaudited interim results for the six months ended 31 August 2018 offered mixed results....

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Vertu has seen a 13.4% decline in its profit before tax for the six months ended 31 August on an turnover of £1.56 billion, up 7.9% on the same period in 2017. After exceptional items, adjusted...

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It’s been a little spartan in terms of retailers reporting in September. Of the two that did, Vertu came first on 3 September, followed a day later by Cambria. Turning to Vertu first, a retailer...

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Amid see-sawing numbers in new registrations as noted by the SMMT – a swing from +3.4% recorded in May TO -3.5% in June (compared to +10.1% in Spain and +4.7% in France) – a number of retailers...

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Vertu Motors has bought Home Counties based Hughes Group for £21.8 million. The acquisition marks Vertu’s first purchase for two years. Hughes, based around Beaconsfield, operates six outlets for...

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For months the news for the UK’s automotive retail sector has been grim. Where the continent has been growing new car sales by double digits, the UK has been falling by the same amount. The SMMT’s...

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Vertu has seen adjusted profit before tax fall to £28.6 million in its latest annual results for the year ended 28 February 2018. The figures were down on the previous year’s £31.5m profit figure....

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Dealer groups are under pressure to equalise the male/female pay gap as UK industry is revealed to have among the worst gender differential of any EU country. At the moment, the UK average sees a...

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USED CARS DRAG LSH RESULTS DOWN UK DEALERSHIP NUMBERS REVEALED IN LATEST FRANCHISING REPORT CDK GLOBAL GOES OPEN ACCESS GOOGLE ADS GO GDPR COMPLIANT VERTU VAUXHALL SITE WINS AWARD AUSTRALIAN FINANCE...

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January saw retailers offering mixed views of their current situations. Cambria, for example, gave the new year’s first update and reported that its trading performance in the first three months of...

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Vertu Motors has issued a profit warning ahead of its year-end on 28 February 2018. In a stock market statement Robert Forrester, Vertu chief executive, said the business expected trading to be...

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Vertu Motors has reported a growth in return on sales in its 2017 half-year figures despite a 14.7% drop in like-for-like new car retail volumes. The latest financial figures from Vertu show a profit...

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