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OUR LATEST ISSUE Car Dealer Issue 40
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Motors
Douglas Stafford

Motor Recruit


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Vertu revenue tops £1bn

THE expanding Vertu Motor Group plc today announced a strong set of results. The upbeat statement from the company, now the UK’s ninth largest motor retailer, said revenue was up 8.9 per cent to £1.09bn, reflecting its continuing acquisition activity, and profit before tax had increased by 3.8 per cent to £5.5m. Its market share [...]

Vertu’s orders leap 10%

VERTU’S order take for the March private retail market is 10.3 per cent ahead of last year, it has been announced. The good news comes in the dealer group’s trading update which was published ahead of its preliminary results for the year ended February 29, 2012. ‘While there is clearly significant work to do during the [...]

Vertu announces results

DEALER group Vertu has released its interim results for the six months ended August 31. The firm’s new car retail market share rose 37 per cent to three per cent, and the group’s profits were up in September. Gross margin rose by 0.1 per cent to 11.6 per cent with ‘aftersales margins improving in all [...]

Vertu’s growth plans

DEALER group Vertu is investing several million pounds into a new Vauxhall Brand Centre in Chingford. The new Bristol Street Motors site will offer a  spacious, 560 square metre showroom stretching over a ground floor and mezzanine, and is designed to cater for 12 Vauxhall vehicles. The site will offer employment for 75 staff and [...]

Market is ‘volatile’

AHEAD of its half year results, Vertu Motors has declared the consumer environment both ‘challenging and volatile’. The dealer group has issued a trading update which outlines the business’s growth before the official six month results are published next month. Despite the difficult consumer environment, the update continues: ‘The group has continued to trade in [...]



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