Vertu Motors

VERTU MOTORS BECOMES LARGEST MOTOR RETAILER IN NORTH EAST WITH BMW AND MINI ACQUISITION

07/12/2020

7/12/2020

Vertu Motors plc has become the largest motor retailer in the North East, with the £28million acquisition of 12 BMW and MINI sales outlets in five locations from Inchcape plc.


The sites are located in Sunderland, Teesside, Durham, York and Malton and will be rebranded as Vertu BMW and Vertu MINI. The deal also includes a BMW Motorrad motorcycle operation in Sunderland and a premium used car operation in York.

The deal means that Vertu Motors plc represents the largest number of manufacturer partners of any dealer group in the UK – with 32 in its portfolio.


Vertu Motors will benefit from BMW and MINI’s strong pipeline of electric vehicles and the dealerships will be supported by a new brand-experienced management team, integrated with existing experienced Vertu operational management and the increasingly successful website, vertumotors.com.


Robert Forrester, chief executive of Vertu Motors, said: “We are delighted to announce the introduction of the much sought after BMW, MINI and Motorrad franchises to the Group, closing a notable gap in our portfolio of manufacturer partners.

“This addition of these franchises has long been a strategic objective of the Group. The acquisition achieves immediate scale in a region where the Group is headquartered and already has strong representation.


“The business has previously performed at a high level and it is our intention to ensure that it returns to this previous success in delivering both for customers and financially.

“As the Group enters its 15th year of trading, this acquisition reflects a further milestone in both its scale and maturity.”


Graeme Grieve, chief executive for BMW Group UK and Ireland, said: “Vertu Mptprs has been working with BMW Group over a number of years as a potential partner and we are delighted to be able to bring their professionalism and energy into our retailer network.


“We very much look forward to working closely with Vertu, to ensure customers in the North East and Yorkshire have an excellent customer experience with our brands and gain from the substantial investment we have made in electric powertrains as the UK accelerates its transition to zero carbon in new vehicles.”

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. 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 142 franchised sales outlets and 4 non-franchised sales operations, representing 32 manufacturers, from 116 locations across the UK.

www.bristolstreet.co.uk

www.macklinmotors.co.uk


Find us on Twitter:

Vertu Motors / @vertumotors
Bristol Street Motors / @BristolStMotors
Macklin Motors / @MacklinMotors
Vertu Honda / @Vertuhonda
Vertu Toyota / @VertuToyota
Vertu Volkswagen / @VertuVolkswagen
Vertu Mercedes-Benz / @VertuMercedes

Farnell Jaguar / @FarnellJaguar
Farnell Land Rover / @FarnellLRover
Hereford Audi / @HerefordAudi

Find us on Facebook:

Bristol Street Motors / @bristolstreetmotors
Macklin Motors / @macklinmotors
Vertu Honda / @VertuHondaLtd
Vertu Toyota / @vertutoyota
Vertu Volkswagen / @VertuVolkswagen
Vertu Mercedes-Benz / @VertuMercedesBenz
Farnell Jaguar / @FarnellJaguar
Farnell Land Rover / @FarnellLandRover
Hereford Audi / @HerefordAudi
Vertu Kia / @VertuKia

back to Vertu Motors

Images

Robert Forrester, CEO of Vertu Motors
Robert Forrester, CEO of Vertu Motors
Download Large Image

Download

Download the Video