Vertu Motors has said it’s in ‘advanced discussions’ to acquire Helston Garages.
The deal, if successful, would see the Ferrari and Porsche brands joining Vertu Motors’ roster of franchises.
Making the announcement this morning (Nov 9), the listed dealer group said: ‘Vertu Motors confirms that it is in advanced discussions regarding the potential acquisition of Helston Garages Group Limited, a privately owned predominantly premium manufacturer automotive retail group based in the southwest of England.
Perrys Motor Sales has become the latest AM100 car retail group to launch its own online vehicle subscription offering through a partnership with Karzoom – launching its new Flex mobility solution.
Following South Coast car retailer Hendy Group into partnership with Karzoom, as the subscription start-up looks to forge regional relationships with franchised dealers to offer a national subscription offering, Perrys will offer short-term, flexible access to cars from locations in Chesterfield and Preston through the new venture.
Auto Trader Group chief executive Nathan Coe expects the automotive sector to “prove its resilience” once again after the online car retail marketplace reported a 2% decline in operating profit from H1 trading.
The business’s operating profit declined to £149.1 (H1 2022: £151.7m) in the six-month period to September 30 despite a 16% growth in revenues to £249.8m (H1 2022: £215.4m).
Auto Trader’s average revenue per car retail site rose by 9.3% to £2,404 during the period as it rolled out new systems including Auto Trader Connect platform, the Market Extension online retail tool and developments to its end-to-end Deal Builder sales channel for retail partners.
Bristol Street Motors agrees major new sponsorship deal with Exeter Chiefs – CAR DEALER MAGAZINE
Bristol Street Motors will sponsor Exeter Chiefs after agreeing a new deal with the Premiership rugby outfit for the 2022/23 season.
The dealer group operates two sites in the Devon city and now becomes an official dugout partner of the former European champions.
The arrangement will see Bristol Street Motors branding plastered around the dugouts and in all four corners of the 15,600-capacity stadium.
Big screen advertising, product placement and the sponsorship of an upcoming match are also part of the deal.
The prestigious ‘player of the day’ social media vote, for both the men’s and women’s matches, will also carry the Bristol Street Motors name.
A group of 12 FTSE100 businesses, including Auto Trader, are promoting the publishing of their ethnicity pay gap information in an effort to make the practice mandatory.
The group also launched a new report: “Approaches to Ethnicity Pay Gap Reporting”. The aim, it said, is to share successful experiences of ethnicity pay gap reporting and encourage other businesses to do the same.
Caroline Nokes, MP and Chair of the Women & Equalities Committee said: “Introducing mandatory ethnicity pay gap reporting for larger businesses would set the ball rolling, reducing inequalities between different ethnic groups. Until that happens, I am delighted to see a growing number of businesses reporting voluntarily. This group of FTSE100 companies has shown that it is possible and have created a practical report to help other companies do the same. We commend them. They, the business community, are setting out a clear case for making ethnicity pay gap reporting mandatory, and it’s time for government to listen and take action.”
John Clark Motor Group is opening a new Volvo showroom in Edinburgh to replace its existing business in the city.
The new Volvo Cars Edinburgh will open its doors for sales, servicing, MoT tests and repairs in January, moving from its current home, on Glasgow Road, to a purpose built site on Longhead Drive, Newbridge.
It follows an investment by the dealer group, last year, to transform its former BMW Tayside dealership into a new Volvo Car UK dealership in Dundee.
The new multi-million-pound Edinburgh showroom will feature Volvo’s signature lounge area, complete Scandinavian furniture and free Wi-Fi. There’s also an interior viewing window that allows customers to see all activity in the new workshops.