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Share Price Information for Vertu (VTU)

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Share Price: 79.70
Bid: 79.10
Ask: 79.40
Change: 0.30 (0.38%)
Spread: 0.30 (0.379%)
Open: 79.70
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Low: 78.70
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Vertu Motors secures Toyota franchise in West of Scotland

Wed, 16th Feb 2022 09:11

(Sharecast News) - Car dealership group Vertu Motors said on Wednesday that its Scottish brand, Macklin Motors, has been awarded the Toyota franchise in the West of Scotland from 1 April.

The company plans to develop four dealerships in the coming periods to cover the territory, with the first dealership at Darnley, South Glasgow opening on 1 April.

This will be the Macklin brand's first representation of the manufacturer. Vertu Motors already operates three Toyota outlets in the East Midlands.

The new Toyota operations will offer the full range of new and used Toyota vehicles including the new Yaris Cross, Aygo X, the iconic Land Cruiser and the further extensive range of Toyota hybrid and electric vehicles. Motability customers will also be welcomed.

Chief executive Robert Forrester said: "I am delighted to announce our expansion in Scotland and the addition of Toyota to the company under our Macklin Motors brand. Toyota is a world-renowned manufacturer that we're delighted to represent. We have confidence that its investment and wider strategy will make it one of the most successful automotive manufacturers in the UK in the coming decade.

"The addition of these dealerships augments the group's representation in Scotland under the Macklin Motors brand and expands our operational footprint there. It also demonstrates our confidence in both the future of the automotive retail sector and in Scotland's economy."

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