Lookers sells sites to Vertu

LOOKERS, the North West car sales and parts distributor has sold two sites in the region to rival Vertu Motors in a deal worth up to £3.9m.

Both locations are dual franchised. The site near Altrincham sells Nissan and Renault and Maclesfield Renault and Ford.

AIM-listed Vertu, which is based in the North East will now have 74 sales outlets nationwide, operating predominantly under the Bristol Street Motors, Bristol Street Motor Nation, Vertu Honda and Macklin Motors brand names.

Robert Forrester, chief executive of Vertu Motors said: “”We are excited by the opportunities this acquisition brings with our manufacturer partners Renault and Ford, and we are particularly pleased to acquire our first Nissan dealership.

“The Nissan brand is going from strength to strength through a fantastic range of innovative vehicles, and a focus on delivering outstanding customer experience.

“These Cheshire dealerships are in prime retail locations representing an excellent geographic fit with the group’s existing North West dealerships.”