Selected Vauxhall advertising
Vauxhall is - for now - the UK division of global car giant General Motors (or more precisely a subsidiary of GM's Europe-wide operation Opel) and the long-established local #2 behind arch-rival Ford. Despite repeated attempts to move further upmarket with more stylish models, Vauxhall remains stuck with an image as the archetypal company car (and indeed fleet sales account for a large proportion of volumes). Its local manufacturing operations have steadily dwindled, with the majority of vehicles now imported from mainland Europe, although Vauxhall still produces a large number of Astra models in the UK. However, the biggest recent threat to Vauxhall's long-term future was the financial crisis which engulfed parent GM during 2008. A sell-off of Opel and Vauxhall was narrowly avoided, but GM Europe is still wrestling with losses. In fact, the UK division is actually now one of its best-performing subsidiaries. General Motors UK reported revenues of £3.8bn in 2014, and scraped a small profit. The UK is also now GM's largest market in Europe by volumes, and the group also owns its own extensive dealership system under the Network Q banner. Vauxhall sold just under 270,000 passenger cars in 2015, equivalent to 10.2% share, and almost 42,000 light trucks (behind Ford and Volkswagen). The Corsa was the #2 selling model; the Astra ranked #7 and Mokka #10. Vauxhall is a key sponsor of UK football, supporting all four home nation associations. Vauxhall Ironworks launched its first motor car in 1903; it is now the UK's oldest surviving automobile brand. The business was acquired by General Motors in 1925. Rory Harvey replaced Tim Tozer as chairman & managing director in 2015. In March 2017, GM struck a deal to sell both Opel and Vauxhall to PSA of France for E2.2bn. Adbrands no longer profiles this company but subscribers may access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services.
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Capsule checked 27th May 2016
Adbrands Weekly Update 6th Jul 2017: Ads of the Week: "Pyjama Mamas". Talk about a change of marketing style! Here's Mother London's debut for Vauxhall, and it couldn't be more different from the sort of slightly dull advertising for which that car brand is known. Or indeed from the Euro-pudding campaigns produced across the channel for its continental alter ego Opel. We imagine a large swathe of Britain's womanhood will be instantly converted to the PyjamaMama cause.
Adbrands Weekly Update 9th Mar 2017: It's a deal. In an end of an era moment, GM has agreed to sell its European automobile division, and associated financial services operations, to PSA Group of France, makers of Peugeot and Citroen. Rumours of negotiations first surfaced two weeks ago. PSA is paying a rock-bottom E1.3bn for the still-struggling Opel business in continental Europe and somewhat healthier Vauxhall unit in the UK. It's a bargain price for a business that generated sales of almost $19bn last year. Better still for PSA, only half of that sum is being paid now in cash, with the rest in warrants to acquire around 4.2% of PSA's equity in five years' time. PSA is teaming up with French bank BNP Paribas to acquire the finance business for an additional E900m in cash. The price is a measure of GM's eagerness to offload its European division, which has racked up losses of over $15bn in the past two decades. In addition, GM will take a charge of as much as $4.5bn to cover impairments and some of its European pension obligations. That's thought to include a E3bn payment to PSA to cover some of the shortfall in Opel's pension fund. On a net basis, therefore, GM is effectively paying PSA around E800m to take Opel off its hands. The sale will bring to an end GM's turbulent 90-year involvement in the world's third biggest car market, while also elevating PSA into the #2 spot in the region behind Volkswagen. The question is whether PSA, itself only now just around the corner after years of difficulties of its own, can make the deal work. It has promised to preserve Opel/Vauxhall's manufacturing commitments across Europe for five years, but at some point the axe might need to fall to improve profitability. PSA CEO Carlos Tavares also plans to make use of spare capacity at Opel's plants to boost exports beyond Europe, primarily into Latin America, North Africa and parts of Asia.
Adbrands Weekly Update 30th Sept 2015: Tim Tozer, chairman of GM's UK subsidiary Vauxhall Motors stepped down unexpectedly, apparently as a result of disagreements with senior managers at GM Europe over sales targets. He was replaced by Rory Harvey, executive sales director for Opel Europe.
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