Vertu has bought online van retailer www.vansdirect.co.uk based in Newport, South Wales for £7.5m. The Vans Direct business was founded in 1999, billing itself as a specialist in the supply of new vans, finance, contract hire, hire purchase, offering direct delivery across the UK. For the year ended 31 October 2017, it reported revenues of… Continue reading Vertu Motors buys online van and car broker for £7.5m
Author: Motor Trader Online News
Hendy buys Seward dealerships in Portsmouth and Havant
South coast automotive group Hendy has bought Hampshire based Seward Group for an undisclosed sum. Chief executive Paul Hendy said the purchase of the group, which has two dealerships in Portsmouth and Havant, was a strategic move for the company and consolidated Hendy’s strong position in the area. “The Portsmouth region is hugely important for… Continue reading Hendy buys Seward dealerships in Portsmouth and Havant
Dealers warned to check out the terms of the contracts they sign
Reading long, tedious contracts is no-one’s idea of fun. Who doesn’t click to say they have read and accept the terms when they buy something on the Internet? But when you buy something for your business, you probably wouldn’t take such a casual attitude. Or would you? Buying something online, even if it’s a piece… Continue reading Dealers warned to check out the terms of the contracts they sign
Used car values at record high but rate of growth slows
The average price of a used car recorded an annual increase of 4% in November, which marks the lowest increase since August 2017. Year-on-year (YoY) growth reached a peak of 7% in June this year but has been slowing each subsequent month. It reflects a similar trend seen across the fuel types, with diesel reaching… Continue reading Used car values at record high but rate of growth slows
Dealers ‘miss out’ on £17m of service revenue claims VHC firm
The UK’s franchised dealers have missed out on more than £17m worth of service revenue in the final months of 2018. Data from electronic vehicle health check provider autoVHC has highlighted a sharp drop in the percentage of completed health checks during October and November of this year. According to autoVHC, the average dealership completed… Continue reading Dealers ‘miss out’ on £17m of service revenue claims VHC firm
Arnold Clark gears up to open Aberdeen dealership
Arnold Clark is pushing ahead with plans to open a car dealership on a former supermarket site in Aberdeen. The Evening Express reports that it aims to turn an ex-supermarket site in Aberdeen into a car dealership. Proposals to turn the Lidl site on Torry’s Wellington Road into an Arnold Clark Volvo showroom were approved… Continue reading Arnold Clark gears up to open Aberdeen dealership
Dealers see surge in used car finance
Dealers saw used car finance grow at 15.4% in November against the same month last year. The strong growth in used car finance supported a leap in used sales of 12.3%. The trend is in marked contrast to the new sector, which saw sales decline 1.1%, according to data from showroom specialist Dealerweb . New… Continue reading Dealers see surge in used car finance
TrustFord network review continues with sale of three dealerships
TrustFord has disposed of three dealerships to Pentagon as part of its ongoing review of its property portfolio. The Ford businesses at Warrington, St Helens and Runcorn will be rebranded as Pentagon Ford. The Pentagon deal follows the disposal in January of four dealerships in London to Gates. Stuart Foulds, chairman and CEO of TrustFord,… Continue reading TrustFord network review continues with sale of three dealerships
Kia dealer network sees 5% rise in profitability
These are good times at Kia. Against a downward curve of new car registrations so far this year, year-on-year lower by 7.5% across the industry over the first nine months, Kia is one of very few to have managed an increase. It has bucked the trend with sales up by 2.8%. While WLTP and other… Continue reading Kia dealer network sees 5% rise in profitability
Stoneacre acquires three more Mill Garage sites
The Stoneacre Group has followed up its takeover of Mill Garages’ Sunderland site by acquiring three further outlets in Harrogate, Newcastle and Stockton. The deal sees Stoneacre adding to its portfolio of Volvo outlets. It now oversees 8 sites. “Everyone at Mill Garages is delighted to have joined forces with the fantastic Stoneacre brand,” said… Continue reading Stoneacre acquires three more Mill Garage sites