England’s new Tier restrictions have been descried as “another blow to Covid-secure auto retail” by SMMT chief executive Mike Hawes, who added with frustration: “But you can still buy your Christmas tree.” The restrictions require non-essential businesses, which includes vehicle showrooms, to close. However, click-and-collect services, where goods are pre-ordered and collected off the premises, can […]

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Vertu have completed the purchase of five BMW and Mini businesses from Inchcape. Included in the deal is one BMW Motorrad business and a used car site. It is understood that Vertu paid less than £1 million in goodwill for the businesses. The financing for the dealerships is said to be supported by a long-term […]

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