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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SsangYong Motors UK is pleased to announce the addition of Close Motor Group to its franchised dealer network. Their 8-car SsangYong showroom is located off Frank Perkins Parkway, one of the main thoroughfares leading into Peterborough city centre. The family-run Close Motor Company, which was established in 1967, also has a dealer showroom located in […]

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Motorline Holdings has reported a £6.1m profit before tax. This includes £7.1m in government grants, for the year ended December 2020, up from a profit of £2.8m in 2019. Turnover fell slightly from £717m to £695m and ordinary dividends of £1m, up from £600k in 2019, were paid to directors. The £7.1m in grants related […]

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Lookers has hit a new record for its first-half underlying profits with £50.3 million in the first half of 2021. In the same period last year, when the Covid pandemic struck, the group recorded an underlying loss of £36.1m. The franchised dealer group has also appointed a new non-executive chairman and new CFO. Revenue for […]

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SsangYong Motors UK is delighted to welcome Station Garage to its ever-increasing franchised dealer network. The brand will be represented in both Aberdeen and Torphins, Scotland. Station Garage was founded in 1979 by the late Bob Shepherd, and Adrian McGregor when they opened their first showroom  in the centre of Torphins. The company specialised in […]

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