THE prospect of a car distribution logjam that dogged brokers during March when Britain first went into lockdown, looks much less likely this time around. Commencing 05 November 2020 and due to last until 02 December, the new lockdown will require dealerships to close. Mike Hawes, the chief executive of the SMMT, said that it was vital for dealerships to remain open…
VERTU Motors has hinted that it’s in the mood for expansion following the announcement of its latest full-year results. The industry title Auto Retail Agenda reported that the franchised dealer group was “well-positioned to take advantage of the opportunities which will arise”. Vertu Motors, which bought the brokerage Vansdirect for £7.5m in January 2019, announced a pre-tax profit of £23.5m with revenue…