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Vertu buys Farnell Land Rover outlets for £31m
Fast-expanding Vertu Motors has agreed to buy the Co-op’s three Farnell Land Rover dealerships in West Yorkshire for £31m. The sale marks the Co-op’s exit from motor retailing…
Editor’s Choice
Pendragon new retail sales up 17% in Q1
Pendragon, the UK’s largest dealer group, saw new car retail sales push ahead in the first quarter. Its retail sales rose 16.7% in Q1 compared to the UK increase of 11.2%. Sales were driven by the group’s volume business Evans Halshaw, which…
Dealers urged to reverse absorption decline
Dealers have been urged to address worsening average overhead absorption in order to maximise on the profitability opportunities in the recovering new car market. The call was made by Trevor Jones at the ASE/MT Financial Conference…
Bramall sells 20 million shares in Lookers
Tony Bramall, the long term investor and a non executive director in Lookers, has disposed of a significant stake in the dealer group. The veteran motor retailer traded in 20.9m shares at an average price of 99.8p, raising £20.8m. In a statement Lookers…
Motor Trader Awards 2013: The Finalists
The finalists have been announced for this year’s Motor Trader Awards. Over 70 companies and individuals have been shortlisted for the awards which will be announced at the Grosvenor House on 10 July. Roving judges are now visiting…
Editor's Blog
MT Awards Finalists
Curtis Hutchinson
We are delighted to announce the individuals and companies who have made it through as finalists to this year’s Motor Trader Awards.
Guest Blog
Something has to give
Guy Ainsley
Never mind the ups and downs of official statistics, to most people it feels like the UK has been in a five year recession…
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