Vertu Motors closes five UK car dealerships due to financial viability reviews

express.co.uk

Vertu Motors has closed five UK car dealerships, impacting staff who are being relocated. The closures include Honda Bradford, Citroen Macclesfield, Launceston Peugeot, Barnstaple Peugeot, and Barnstaple Volvo. The company cited financial viability reviews and government ZEV mandate policies as contributing factors. Vertu Motors reported record first-half revenues but a slight decrease in adjusted profit, with the CEO calling for a review of the ZEV mandate.


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Vertu Motors closes five UK car dealerships due to financial viability reviews | News Minimalist