Vertu Motors saw trading profit for the three months to 31 May 2023 up on the same period last year driven by a ‘resilient’ used car market and improving new car supply It said that full year results for FY24 are expected to be in line with current market expectations. New car retail and Motability like-for-like volume growth of 10.8%, ...
Read More »Vertu speeds-up vehicle drop-off and pick-up at dealerships
Vertu Motors is introducing new check-in and check-out procedures in its dealerships. It has signed an agreement with self-service technology firm Tjekvik to help reduce queues at peak times and improve the vehicle drop-off and pick-up experience. The units allow customers to check their vehicle in at home on their own device, or in the dealership via touchscreen kiosks. The ...
Read More »Helston Volvo dealerships rebranded under Vertu ownership
Five Volvo motor retailers in the South West are being renamed, following the acquisition of Helston Garages Group Limited by Vertu Motors plc in December 2022. The showrooms in Barnstaple, Exeter, Taunton, Yeovil and Truro have been brought under the Vertu Motors retail brand. Vertu Motors plc acquired 28 franchised sales outlets from Helston Garages Group in December 2022 and ...
Read More »Vertu Motors sells Vertu Lease Cars to UK Carline
Vertu Motors has sold Vertu Lease Cars to UK Carline for an undisclosed sum. Under the new ownership, Vertu Lease Cars will continue to supply vehicle leasing, focusing on vehicles supplied by manufacturers within the Vertu Motors group of companies. With the support of UK Carline, customers will also benefit from an expanded range of leasing solutions and a wider ...
Read More »Vertu Motor appoints aftersales director for Ford south division
Vertu Motors has appointed Kevin Hardie as its new divisional aftersales director for the Ford South division. Hardie started in the motor retail trade as a parts adviser at the age of 18. He has worked for Audi UK and BMW UK, as well as gaining brand accreditations. Before joining Vertu Motors plc, Kevin was an aftersales director Inchcape. Robert ...
Read More »Vertu Motors takes on LEVC franchise for Scotland and North East England
Vertu Motors has taken on the franchise for the London Electric Vehicle Company (LEVC). Its subsidiary, The Taxi Centre, is entering the black cab and hackney market after agreeing a new partnership with LEVC. The partnership makes The Taxi Centre the sales and aftersales partner for LEVC in Scotland and North East England. The Taxi Centre’s Glasgow showroom has undergone ...
Read More »Vertu Motors sponsors Burnley Football Club
Vertu Motors has partnered with Burnley Football Club as the club’s Official Car Retailer. The dealer group’s logo will appear on the back of the club’s three shirts for the duration of the season, and the partnership will also see branding appear around the Turf Moor stadium. This will include pitch-side advertising. Papa John’s FanZone activities, matchday sponsorship, and player ...
Read More »Sponsoring motorsport is good for business if the fit is right
Sponsorships are not just about getting your brand in front of large audiences who may not have heard of your business. It is vital that due diligence is carried out to make sure that any association with an event, sport or charity is a good fit with your company’s outlook and business philosophy. That’s why we have always carefully selected ...
Read More »Vertu upgrades profits forecast to £75m in extraordinary year
Vertu Motors has upgraded its forecasting for adjusted profit before tax for the year ending 28 February 2022 from £79m to £75m compared to £24.6m in the prior year. The profitability was driven by used cars with lack of supply driving up values. Like-for-like volume of used vehicles sold fell by 11.9% compared to pre-pandemic levels but gross profit per ...
Read More »Vertu announces winners of CEO Management Awards
Vertu Motors plc has announced the winners of its 2021 CEO Management Awards. The awards acknowledge colleagues who have performed exceptionally well and delivered the highest levels of leadership throughout the year. Nominations are made by Operational Directors to the plc Board, which selects the winner of each category. This year’s Accountant of the Year Award has been renamed in ...
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