Tag Archives: vertu

Consumer demand has become more fragile in recent months, placing pressure on new and used car sales, dealer group Vertu reported at its AGM today. Vertu said the continued devaluation of Sterling and reduced levels of manufacturer support pressurised dealers in the four months to June...

Vertu Motors Group has pumped £2m into a new used car assessment and preparation centre in Darlington. The refurbished ex-Volvo trucks site, housing a mechanical workshop, re-spraying depot and bodyshop, has the capacity to service more than 300 cars per month.

Vertu Motors reported pre-tax profits up 13.5 per cent to £5.3m for the year ended 28 February 2011 compared to £4.6m in 2010. Turnover rose 22 per cent to £998.9m (2010: £818.9m) as the group increased its number of sales outlets from 59 to 75.

Vertu Motors chief executive Robert Forrester warns...

Vertu, the 8th largest dealer group in the UK, said it expected its performance for the full financial year ending 28 February to exceed market expectations. Vertu continued to operate strongly during the five months to 31 January 2011...

Vertu Motors plans to sell up to £12m worth of surplus property following its rapid growth by acquisition since launching last December.

Vertu Motors, the acquisitive group behind Bristol Street Motors, has purchased Blake Holding, the Chesterfield based Vauxhall and Peugeot group for £4.9m.

Vertu Motors has completed the acquisition of the Bristol Street Group creating the eleventh largest dealer group in the UK.   Vertu will grow further The highly acquisitive business, which only formed in December last year, has bought a placing of shares in Bristol Street worth £26.2m, giving it full control of the company. Vertu has made no secret of ...