Vauxhall has an intrinsic value that is not currently echoed in its sales and profit, according to new UK managing director Stephen Norman.
Talking to Autocar on the day he was announced as the new boss of Vauxhall and Opel Ireland, Norman said that Vauxhall is an iconic brand with “modest positioning” that needs to be conveyed to consumers in a way that produces better results than today.
Last year, Vauxhall's UK sales fell by 22% to 195,137 vehicles, taking its market share from 9.3% to 7.7%, the biggest drop suffered by any car maker.
Norman said: “There's nothing wrong with the brand or the cars; I need to look at whether they're being sold in the right channels at the right prices.”
He added that new owner PSA Group, which bought Vauxhall and Opel from General Motors last year, clearly saw the worth of the brands or would not have taken them on.