What happened to Peter Vardy?
What’s happening? Peter Vardy – one of the most respected car dealers in the country – has agreed to sell three of his dealerships to Parks. The news broke yesterday that Vardy had decided to sell three sites, representing five brands, and keep hold of only the Porsche businesses. Peter Vardy – one of the most respected car dealers in the country – has agreed to sell three of his dealerships to Parks. The news broke yesterday that Vardy had decided to sell three sites, representing five brands, and keep hold of only the Porsche businesses.Park’s Motor Group strengthens position with acquisition of Peter Vardy dealerships.The history of Peter Vardy Ltd Peter’s grandfather, Reg Vardy, established his car dealership, Reg Vardy plc, in 1923, and his father Sir Peter Vardy made that company one of the leading dealers.
Has Peter Vardy closed?
The decision to close the Peter Vardy Carz used car supermarket sites, a move driven by a shrinking supply of sub-five-year-old used cars due to production stoppages during the pandemic, had a significant financial impact with the closure, alongside one-off costs, amounting to £15m, the 2023 accounts show. Peter Vardy Holdings went into the red in 2023 with combined losses of -£10.The decision to close the Peter Vardy Carz used car supermarket sites, a move driven by a shrinking supply of sub-five-year-old used cars due to production stoppages during the pandemic, had a significant financial impact with the closure, alongside one-off costs, amounting to £15m, the 2023 accounts show.
How much is Sir Peter Vardy worth?
Sir Peter Vardy DL (born 4 March 1947) is an English businessman. In the Sunday Times Rich List 2009 ranking of the wealthiest people in the United Kingdom, he placed 388th with an estimated fortune of £140 million. Arnold Clark owners rank among Britain’s wealthiest people: Rich List 2022. Lady Philomena Clark and family, the single-largest shareholders of Scottish auto dealer and motor financing group Arnold Clark, have been listed among this year’s wealthiest British citizens in the Sunday Times Rich List 2022.The Sunday Times Rich List has revealed the UK’s most affluent dealers. Geoffrey Warren, owner of Car Giant, topped the list of those who’s wealth comes from car sales, with a worth of £2.
How many dealerships does Peter Vardy have?
AM understands staff have been informed of the possible divestment of FlexAuto which has been positioned as part of the group’s ‘Mobility for Everyone’ strategy, offering stock from Peter Vardy’s 15 Scottish dealerships, which included brands such as BMW, Mini, Jaguar Land Rover, and Porsche. Peter Vardy Group has agreed a major deal to sell the majority of its sites to Parks Automotive Group. The agreement will see three dealerships, representing five brands, change hands in Motherwell, Aberdeen and Edinburgh.Peter’s grandfather, Reg Vardy, established his car dealership, Reg Vardy plc, in 1923, and his father Sir Peter Vardy made that company one of the leading dealers. Originally starting as a petrol dispenser, Peter was a general manager at the time of the company’s sale to Pendragon PLC in 2006.