Vertu Motors

FURTHER YORKSHIRE ACQUISITION FOR VERTU MOTORS PLC

03/03/2020

3/3/2020

Vertu Motors plc has added to its portfolio in Yorkshire with the £4 million acquisition of the Kia Bradford and Honda Bradford business, from the Vantage Motor Group.

This transaction will bring the number of outlets operated by the Group in Yorkshire to 18.

Honda and Kia in Bradford expands Vertu Motors representation in the city, adding to the already established Renault, Dacia, Nissan and Land Rover outlets and follows the recent purchase of four Volkswagen dealerships, located in Leeds, Huddersfield, Harrogate and Skipton.

The addition of the Honda franchise in Bradford adds to Vertu Honda’s geographical coverage with 12 Honda car dealerships across the East Midlands, South Yorkshire and North East of England and two motorcycle dealers in Nottingham and Grantham. Bradford Kia becomes Vertu motors second Kia dealership following the acquisition of Edinburgh Kia in January 2020. The Bradford operation will be branded Vertu Kia.

Colleagues at Bradford Honda and Kia will join Vertu Motors, ensuring customers are welcomed by familiar faces with valuable Honda and Kia experience and continuity of service.

Robert Forrester, chief executive of Vertu Motors plc, said: “I am delighted to announce the expansion of the business in Yorkshire and to welcome Kia and Honda colleagues to our Group. It’s great to expand our already successful Vertu Honda business and add our second Kia dealership to Vertu Motors in the last month.

“They fully complement our existing franchises in Bradford and further extend our presence in Yorkshire.”

ENDS

NEWS RELEASE: ISSUED ON BEHALF OF VERTU MOTORS

CONTACT: Caroline Walker on 01325 363436

Notes to editors:

Vertu Motors plc (which trades under the Bristol Street Motors, Macklin Motors, Vertu Toyota, Vertu Honda, Vertu Volkswagen, Vertu Mercedes-Benz, Vertu Kia and Farnell Jaguar Land Rover brands) was formed in late 2006 to acquire and consolidate UK motor retail businesses. The group was founded as a new entrant into the UK motor retail sector and is listed on the AIM market (UK:VTU).


In 2017, the Group became the first major UK motor retailer to offer customers the ability to purchase a used vehicle entirely online with the launch of Bristol Street Motors Buy Online, this was followed by Macklin Motors Buy Online. The platform enables customers to buy a used vehicle in as little as five minutes if they have the funds in place, arrange financial packages if they don’t, and have the vehicle delivered to any UK mainland home address.


Since flotation in December 2006, the Group has established itself as a major player in the United Kingdom automotive retail sector. The Group currently operates 133 franchised sales outlets and 3 non-franchised sales operations, representing 24 manufacturers, from 110 locations across the UK.

www.bristolstreet.co.uk/buy-online/

https://www.macklinmotors.co.uk/buy-online/

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Vertu Specialist Cars / @VertuSpecialistCars

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Farnell Land Rover / @FarnellLandRover

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Robert Forrester, CEO of Vertu Motors
Robert Forrester, CEO of Vertu Motors
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