Month: November 2022

The famous motorcycle brand returns to Glasgow

Motorcycle Brand

The motorcycle brand is back in Glasgow

THE Triumph motorcycle brand returns to Glasgow with the opening of a premium dealership on Saturday.

The opening of West Coast Triumph Glasgow, on Hillington Road, created 13 showroom jobs. Three additional positions were created within the West Coast Dealer Group headquarters with the opening.

West Coast has over 20 years of experience retailing high end motorcycles in Glasgow and across the West of Scotland.

Devron Boulton, Managing Director of Triumph GB, said: “It’s great to see Triumph Motorcycles return to Glasgow with a stunning new dedicated showroom and workshop… West Coast are a highly respected and experienced dealer.”

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David Hackshall, Managing Director of West Coast Triumph Glasgow, said: “The whole team at West Coast Glasgow was on board from the start and rose to the challenge of meeting not only Triumph’s expectations, but also the expectations of owners and Triumph drivers in the West of Scotland. It’s a great brand that fits perfectly with our company and our culture. With this new dedicated solus dealer, we look forward to an exciting future together.

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Mr Boulton said: “David and his team have a genuine passion for motorcycles and the Triumph brand, and their strong focus on customer service will ensure they go from strength to strength.”

Sport Motorcycle Market Sale Surpasses $181 Billion in Revenue

Motorcycle Sale

Sports Motorcycle Market 2022

Sports Motorcycle Market 2022

According to industry analysis, the global motorcycle market is expected to approach a revenue of US$125 billion in 2021. The market is expected to grow 1.5 times over the next ten years to reach US$181 billion in revenue by 2031.

Persistence Market Research has recently published a report on the global sports motorcycle market. The report provides a detailed assessment of key market dynamics, such as drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures on the growth of the sports motorcycle market during the forecast period from 2021 to 2031.

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Key market context indicators such as value chain and supply chain analysis, compound annual growth rate (CAGR), and year-on-year growth (YoY) of the market are explained comprehensively in the report. study by Persistence Market Research. This information can help the readers understand the quantitative development projections of the Sports Motorcycle market over the forecast period.

The study is relevant for market stakeholders as well as manufacturers, distributors, suppliers, and investors as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers and journalists, as well as trade researchers of the Sports Motorcycles market can benefit from the information and statistics presented in the research report of Persistence Market Research.

The report includes facts and figures related to macro and microeconomic factors that impact market growth. The study also offers actionable insights based on future Sports Motorcycle market trends. Additionally, regional players and new market entrants can also use the information presented in this report to make business decisions and gain traction in the market.

Key Companies-

• Triumph Motorcycles Ltd.• Bajaj Auto Ltd.• Bayerische MotorenWerke (BMW) AG• Ducati Motor Holding SpA• Eicher Motors Limited• Harley-Davidson, Inc.• Hero MotoCorp Ltd.• Honda Motor Co., Ltd.

• KTM AG

You can customize this report @https://www.persistencemarketresearch.com/request-customization/3586

Key market segments

Persistence Market Research’s study of the sports motorcycle market is divided into 2 important segments: technology and product.

This report offers comprehensive data and insights on important market dynamics and growth parameters related to these categories.

Technology• Integrated circuit motors• Up to 150 cm3• 151-300cc• 301-500cc• Above 500 cc

• Electric

Product• Sports motorcycles• Standard• Cruisers• Sports• Mopeds• Electric

• Others

Scooters• Standard• Max• Shut in• Three-wheeled

• Electric

Region• North America• Latin America• Europe• South Asia and the Pacific• East Asia

• AEM

Full report [email protected]https://www.persistencemarketresearch.com/market-research/motorcycle-market.asp

Research Methodology

In the Persistence Market Research report, proprietary research methodology is used to conduct in-depth research on the development of the Sports Motorcycles market and draw conclusions about the future growth factors of the market. In this research methodology, secondary and primary research is used by analysts to ensure accuracy and reliability of conclusions.

Secondary resources are referred by analysts when evaluating market research, which include facts and figures from the World Bank, IMF, US Energy Information Administration, International Energy Agency energy, local and regional government websites, white papers, trade and external and internal journals. data base.

Analysts conducted extensive interviews with several industry experts, such as sales supervisors, sales operations managers, product portfolio managers, senior executives, market intelligence managers, marketing managers/ product, engineering managers and production managers to provide relevant information.

Comprehensive information acquired from primary resources and secondary resources is validated with companies operating in the Sports Motorcycles market to make Persistence Market Research’s projection on the growth prospects of the Sports Motorcycles market more accurate and reliable.

Get full access to this report @https://www.persistencemarketresearch.com/checkout/3586

Answers to key questions in the market report

• Which region is expected to hold a major market share during the forecast period?• What will be the major driving factors that will propel the demand for sports motorcycles during the forecast period?• How will current trends impact the sports motorcycle market?• Who are the important market players?

• What are the crucial strategies of key players to strengthen their positions in this landscape?

About Us: –

Persistence Market Research (PMR), as a third-party research organization, operates through a proprietary fusion of market research and data analytics to help businesses soar no matter the turbulence encountered due to financial/natural crises.

Contact us:

Persistence Market ResearchAddress – 305 Broadway, 7th Floor, New York, NY 10007 USATelephone in the United States – +1-646-568-7751USA-Canada Toll Free – +1 800-961-0353

Sales – [email protected]

Germany office:Persistence Market ResearchPotsdamer Platz 10 Haus 2, 5th floor Berlin,Germany 10785

Call +1 888-863-4084

This press release was published on openPR.

Vertu Motors acquires historic family motorcycle business in Yorkshire

Motorcycle Business

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Dealerships in Shipley, near Bradford, and Rotherham, will become part of the group’s Vertu Motorcycles brand. Allan Jefferies has been a tradesman and family since 1901. Framer Joseph Jefferies founded the business in the old steam tram shed at Shipley, near the Ross Hotel in 1901. It moved to premises on Saltaire Road in 1917, where, named Allan Jefferies after his son, it was to remain so for over 80 years.

The spokesperson said: “The Jefferies family are well known in the motorcycling world with Allan’s son Tony and brother Nick winning the Isle of Man TT three times. Tony’s son David also won this world famous race and was the course record holder.

“Tony ran the business until 2001 when his daughter Louise took over. Allan Jefferies has represented the BMW brand since 1971 and only started representing it in the 1990s.”

Robert Forrester, Managing Director of Vertu Motors plc, said: “Allan Jefferies has always been about family values ​​and personal service; it is a philosophy that will continue under the aegis of our group.

“Louise has overseen a business that is in great shape and will therefore provide a solid foundation for Vertu Motorcycles to grow and grow further.”

Louise Jefferies said: “For over 50 years, Allan Jefferies has been associated with the sale and service of BMW motorcycles. In those days, we have always stood for trustworthy service and a warm welcome.”

Mark Goode Brand Director Vertu Motorcycles with Rotherham Managing Director Andy Forrest

Vertu completes multi-million pound takeover of family motorbike business – Car Dealer Magazine

Motorcycle Business

Car dealership group Vertu has agreed a multi-million pound deal to buy motorcycle retailer Allan Jefferies.

The Top 100 car dealerships outfit confirmed the news in a statement to the London Stock Exchange this morning (Tuesday).

It acquired the business and assets of two BMW Motorrad outlets in Saltaire Motor Company Yorkshire.

Both locations currently trade as Allan Jefferies and have been in the same family for four generations since 1901.

The company has represented BMW since 1971 and the latest agreement makes Vertu the largest retailer of BMW Motorrad motorcycles in the UK.

The outlets purchased are located in Shipley, near Bradford and Rotherham and will be rebranded to market under the Vertu brand.

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They will then become part of the Vertu Motorcycles division, which will operate six motorcycle outlets representing BMW Motorrad and Honda.

For the financial year ending September 29, 2021, the two concessionaires had sales of £20.5 million and operating profit of £463,000.

Total consideration is estimated at £4.2 million, subject to finalization of completion accounts, including a freehold property value of £1.85 million and a goodwill payment of £500,000.

Due to the seasonality of motorcycle sales, Vertu expects its new acquisitions to post a slight loss by the end of the current fiscal year.

Robert Forrester, CEO of Vertu Motors, said: “Our business is doing well and the addition of two more BMW Motorrad outlets will be both financially and strategically accretive to the group. Vertu becomes largest UK partner for BMW Motorrad.’

Paulo Alves, Head of BMW Motorrad UK and Ireland, added: “We are delighted to support Vertu’s acquisition of the excellent Allan Jefferies business in Yorkshire.

“The Jefferies family has built a fantastic operation and we are confident the business will be in good hands.”

“As a leading brand, our customers come first and we share this philosophy with Vertu. We welcome them as our biggest partner in the UK.

In October, Forrester told Car Dealer he wanted to catapult his group to become one of the UK’s top three with 400 dealerships to its name.

The Vertu boss spoke to Car Dealer Live, which you can watch below, in an extensive interview after the group’s first half results were released.

Virtue posted profit of £28.2m on revenue of nearly £2 billion for the first half of 2022.

Electric motorcycle brand reveals exclusive financial partnership

Motorcycle Brand

Coventry electric motorcycle company Maeving has chosen Lloyds Banking Group as its exclusive financial partner in a bid to help more people ‘go electric’.

Founded in 2019, Maeving’s USP is the bike’s removable battery – which can be charged from any power outlet, whether at work or at home, making refueling easy.

Demand for electric motorcycles has been growing, with more than 6,000 electric motorcycle registrations in 2021. The Motor Cycle Industry Association estimates that the number will continue to rise to reach 31,000 by the end of 2025.

Lloyds says its partnership with Maveing ​​will be the first relationship with a manufacturer focused entirely on electric vehicles. It has already provided £1bn of funding for battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) in 2022

Nick Williams, Managing Director Transport at Lloyds Banking Group, said: “As the UK market leader in car finance and leasing, we have made supporting the transition to a zero emissions future central to our vision, helping motorists and businesses make the switch. to electric.

“As the adoption of electric vehicles continues to accelerate, we will work closely with government departments and manufacturers to ensure that vehicle supply and supporting charging infrastructure is able to meet demand. motorists.

“Our partnership with Maeving is a really exciting development for us. It will help more people go electric, and our shared philosophy and ambition means we can help each other on our respective journeys to net zero.

Will Stirrup, co-founder of Maeving, said: “As a new UK manufacturer, Maeving is delighted to be working with the UK market leader in automotive asset finance. Through a deep and constructive partnership, we were able to integrate Blackhorse’s quote and apply the journey directly to our direct-to-consumer website via API. To our knowledge, this is a first for an electric motorcycle manufacturer.