Peter Vardy a long-standing investor and valued partner of Vauxhall Motors, is splitting from Vauxhall Motors. The motor industry is changing and evolving quickly in response to Brexit and other consumer issues.
Consequently, the two companies are creating future strategies that move in different directions.
Therefore, they have issued a joint statement and Vardy and Vauxhall have said: “Vauxhall Motors and Peter Vardy Ltd have been in discussions recently and have now agreed a mutual and managed exit from each other. One that will take effect in mid-2021. “
As a result Peter Vardy will convert their current showrooms into used car centres under a new brand. However, any Vauxhall cars will still be maintained by Peter Vardy.
Mr Vardy said “The firm will continue to service any Vauxhalls the company has sold.“
Additionally, all Peter Vardy staff at existing Vauxhall sites in Aberdeen, Dalgety Bay, Edinburgh, Kirkcaldy, Motherwell, and Perth will have their roles secured and the company expects ‘significant’ new roles to be created.
Peter Vardy’s aim is to double its annual used car volumes following its Internet structure investment and the launch of its used car supermarkets, new brand and showrooms.