Tag Archives: vertu

It’s been a great time in used car sales. At the retail end the big dealer groups, including Pendragon, Inchcape, Lookers, Vertu and Marshall – have reported excellent used car sales with profits on the rise. The large dealer groups’ used car operations are benefiting from their scale and spending power. They have made big investments in their websites and ...

Vertu Motors said today it continued to trade in line with market expectations following the trading update it provided at its AGM on 26 July. The group said it had completed a 15-year sale and leaseback deal on a freehold Jaguar Land Rover dealership in Leeds. The property sold for £14m has a book value of £10m. The profit on ...

  Vertu Motors plc has strengthened its senior management team with the appointment of Steve Rowe as finance and insurance director. Rowe joins the major motor retailer from Pendragon where he was group F&I leader. He had worked for Pendragon for almost 17 years. Initially starting as a business manager working across a number of dealerships, Rowe went on to ...

Vertu Motors has partnered with Northumbria University to create degree-level apprenticeships in motor retailing. The dealer group is looking for candidates at 12 locations across the UK to work towards a BA degree in Business Leadership and Management Practice. Candidates will earn a salary of £18,000 as a Customer Service Advisor, gaining experience in the workplace and receiving in-house training. ...

On this weekend’s Motor Trade Radio podcast cap hpi retail specialist Philip Nothard discusses the latest news headlines from Motor Trader. The most viewed story was the government’s announcement that it was to ban the sale of new petrol and diesel engine cars and vans from 2040, a move attacked by the SMMT for “undermining” one of the UK’s biggest ...

Vertu reported a softening of new retail sales volumes and used vehicle margins in the second quarter. It said the market softening reflected a downturn in consumer confidence from April onwards. A decline in new car demand was linked to the Vehicle Excise Duty (VED) hike in April, the weaker pound and customer political and economic uncertainty. But it said ...

Vertu Motors has rewarded its top performing staff at a recent award ceremony. The group has inducted 27 new members into its Masters Club, which recognizes individuals from its 124 dealerships who have excelled in their role and delivered outstanding levels of performance. The award ceremony, held at Oulton Hall near Leeds, saw staff from every area of the business, ...

This week on Motor Trade Radio Philip Nothard of cap hpi and Motor Trader editor Curtis Hutchinson discuss the news stories hitting the headlines. They discuss the latest headlines, including the exclusive news that Vertu Motors has confirmed it will continue its programme to grow by acquisition with existing partners as well as attract new car brands to its portfolio. ...

On this Saturday’s episode of MotortradeRadio.com, Philip Nothard of cap hpi is joined by Curtis Hutchinson, Editor of Motortrader.com. They discuss the latest headlines including the exclusive news that Vertu Motors has launched an online used car sales platform and a round-up of the second annual dealer-led London Motor Show 2017. Plus, Motor Trader has revealed the finalists for the ...

Vertu Motors has launched an online used car sales platform which is believed to be the first to be offered by a franchised dealer group. The service has been rolled out across all of the group’s websites, including Bristol Street Motors and Macklin Motors, and offers customers part-exchange valuations and finance. Buyers will be offered the option of hand-overs at ...