Tag Archives: vertu motors

Vertu said  today that its adjusted profit before tax for the year ending 28 February 2025 will be “significantly below” current market expectations due to distortions created by the ZEV Mandate. It said retail new car sales across the UK were standing at a 25-year low with higher volumes of lower margin fleet business. It added that used car profitability ...

Carmakers need to “get their head around that retail is important” to deliver on customer experience. That’s the view of Andy Goss, Vertu chair in Vision 2040, a look at the next five years from recruitment consultancy Ennis & Co. “Service and Parts are going to get very difficult moving forward because there’s not much to replace on EVs apart ...

Vertu Motors has bolstered its board with the appointment of a retail heavy hitter Amanda Cox as an independent non-executive director. Cox is the current chief people officer and stores director at the £1.7bn-turnover homewares retailer Dunelm Group, which has 184 stores and employs 11,000 staff. She previously worked at Asda for 15 years in various human resource roles, latterly ...

Vertu Motors has acquired Burrows Motors for £12.5m, strengthening its relationship with Toyota, Mazda and Kia. Vertu’s partnership with Toyota grows from six to 11 outlets, Mazda from two to four and Kia from three to four. Burrows Motor Company turned in pre-tax profits of £106,000 in 2023 compared to £3m the prior year on turnover of £168.9m (2022: £171.9m). ...

Vertu Motors has been named as one of the top car dealer groups in the UK for customer experience, according to review site JudgeService. The group achieved a 96% recommendation score from customers. Bristol Street Motors Hyundai Mansfield and Vertu Land Rover Bradford both claimed top 10 spots across all dealerships listed on the platform. Both sites had more than ...

Vertu Motors has opened a Toyota centre in Ayr, Scotland trading under its Macklin brand This is Macklin’s third Toyota franchise in Scotland, sitting alongside dealerships in Glasgow and Hamilton. Macklin Motors Toyota Ayr is led by Angus Mclelland, who is well known by Toyota customers in the area, having managed the previous Toyota centre for more than 15 years. ...

Vertu Motors reported a strong trading performance for the three months to May with like-for-like new car retail sales business up 6.8%. The increased volumes included low margin Motability business which saw margins reduced to 7.4% compared to 8.1% last year. Fleet and commercial vehicle like-for-like volume growth of 6.4% while used sales rose 6.7% on a like-for-like basis. Services ...

Vertu Motors CEO Robert Forrester has accused the government of “doing nothing” to stimulate sales of battery electric vehicles (BEVs). The government, he said, was had their “fingers in their ears” on the issue while they waited for the next government to sort it out. Forrester was speaking this morning on the BBC’s Today programme. Commenting on the March plate-change ...

Vertu Motors flagged up what it described as an “uncertain” new car market in a trading update prior to the release of its full year results on 15 May. IT sais while the used car market had stabilised falling price falls in 2023, carmakers faced a “daunting” task to manage volumes of ICE and BEVs with the ZEV Mandate while ...

Vertu Motors has acknowledged staff for leadership through its 2023 CEO Management Awards. Nominations were made by the CEO Committee, and support centre senior directors to identify colleagues who have delivered both an outstanding level of personal performance and championed the company’s values. This year’s winner of the Tom Fairgrieve Company Person of the Year Award was Doug Whitefoot, Divisional ...