Vertu Motors has hit a record adjusted first half profit before tax figure of £51.8 million. The results come on the back of a £1.9 billion turnover. Vertu has increased its full year expectations from £50-55m to £65m. They have also re-established a dividend with a figure of 0.65p per share. The franchised dealer group […]

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Marshall Motors has bought the entire Motorline group for £64.5 million. The acquisition will add 48 franchise points to Marshall’s dealer network.  This includes 19 Toyota and Lexus locations – brands Marshall is understood to have been looking to add for some time. Motorline was the UK’s second largest retail partner for the Japanese manufacturer. […]

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Holt SsangYong, Derby,  joins the SsangYong Motors franchise this month.  The new franchised dealership is on the main ring road at Alvaston and provides customers with a modern SsangYong retail experience. Holt SsangYong has over 30-years’ experience in the automotive industry and has represented various SUV and 4WD brands during this time. They have also […]

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Franchised dealer group, Waylands has opened an MG dealership in Oxford. Situated on Cumnor Hill, the showroom offers sales, aftersales and used car facilities, as well as EV charging facilities. Oxford will be a fantastic market for MG. It’s one of the leading cities in the country in the adoption of EV’s through its Zero […]

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Holdcroft Motor Group one of the largest franchised dealer groups in the North-West and Midlands has opened two new MG dealerships. The new sites in Cheshire and Staffordshire join the group’s existing sites at Warrington and Stoke-on-Trent.  The family-run business with over 50 years in the industry, has 25 sites across the North-West and Midlands. […]

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Motorpoint, the UK’s leading independent car retailer, has opened for business in Manchester. The retailer has transformed the former Mercedes garage on Ashton Old Road as part of its ongoing nationwide expansion programme. “It’s brilliant to finally be opening our doors to the public,” explained Jordan Dean, Head of Retail Operations in Manchester “and be […]

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