A SMALLER rival of car dealership Reg Vardy is said to be lining up a £480m (€713m) move to wreck an agreed takeover of the group.

Shares in car dealer Reg Vardy today fell nearly 3% after it said it was likely to take a hit from the collapse of MG Rover.

British motor dealer Reg Vardy today said the car buying market worsened in 2004, but insisted that its prospects remained good.

UK motor dealer Reg Vardy today unveiled record profits and forecast further growth despite fears the new car market may have peaked.