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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Vertu owned Macklin Motors has opened a Motornation used car dealership in Glasgow following £1.5m investment in the new site. Macklin Motors Motornation Glasgow, based in Darnley, is situated next to the group’s Ford and Nissan franchise dealerships. The site has space to display 150 cars. It features a workshop with ten ramps for car […]

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Vertu Motors is now Europe’s largest Honda retailer with a new acquisition. The franchise dealer group has bought Hepworth Motor Group and its Honda dealership in Huddersfield for an undisclosed sum. Vertu boss Robert Forrester tweeted: “Delighted to announce we bought Hepworth Honda in Huddersfield. This cements the position of Vertu Honda as the biggest Honda […]

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Franchised dealer group, Vertu Motors, announced they could realise “ambitious growth aspirations”.  Robert Forrester CEO, said “This result has been delivered by a huge Vertu team effort.  I would like to thank every single one of my colleagues for their hard work and dedication in what has been an extraordinary period.” Forrester, revealed the board […]

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Robert Forrester CEO of Vertu Motors says the franchised retail group is selling more than 2,000 retail cars a week through click and collect. This is happening without anyone visiting a showroom prior to sale. “Our tech and trained sales teams are doing a job unimaginable this time last year”.  The retailer has also launched free […]

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Leading franchised retail groups and sales platforms are reporting a rise in activity and vehicle sales. This follows PM Boris Johnson’s confirmation that car showrooms should be able to reopen from 1 June. Vertu’s Robert Forrester said last Friday’s retail orders were “well over 100… best since lockdown started”. He confirmed very strong demand in […]

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It is hoped that jobs at The Leven Car Company, which went into administration earlier this month, will be saved.  It’s expected that Cambria and Vertu will split the business between them and take on the existing staff. Cambria are in negotiation to buy the Aston Martin and Rolls-Royce operations.  This leaves Vertu to take […]

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Vertu has bought Synter’s four remaining Volkswagen franchise dealerships in England, for £8.8 million. The deal takes Vertu to nine Volkswagen car franchises. Vertu expects the acquisition to be earnings enhancing in the first full year of ownership. Last year, Sytner was operating 12 VW businesses across the UK. However,in November 2019 it sold four […]

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Vertu has opened two new Hyundai franchise dealerships in the North East in the past week. One franchise takes over Vertu’s former Infiniti showroom in Silverlink, Newcastle (pictured below) and the second will operate as a satellite business in Morpeth, alongside the group’s Ford dealership. Vertu CEO, Robert Forrester, said: “The two new additions represent […]

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Auto retailer Vertu has completed a refurbishment of its Grantham Honda business, marking 20 years representing the Japanese OEM. The improvements to the Grantham site include increasing the amount of space available for customers to view vehicles on display, while a larger customer lounge area boasts a refreshments station, children’s play area, free Wi-Fi and […]

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