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vertu motors

  • Vertu Motors: Profit at car dealership giant falls as UK sales stall

    Transport and infrastructure

    Profit at car dealership Vertu Motors reversed during the first half of its financial year as UK sales of new cars stalled. In interim results filed with the London Stock Exchange, Gateshead-headquartered Vertu Motors reported a pre-tax profit of £22m for the six months to 31 August, 2024, down from the £30.1m it achieved in the [...]

    Last month, Vertu Motors warned of a mild hit to its half-year profit as pressure on household budgets slowed demand for new cars.
  • Vertu Motors warns on profit as UK’s new car market hits the brakes

    Business

    Chief executive Robert Forrester insisted he was "pleased" with Vertu's performance, despite a slowdown in new car sales.

    Last month, Vertu Motors warned of a mild hit to its half-year profit as pressure on household budgets slowed demand for new cars.
  • Vertu Motors warns of volatility in new car market despite ‘positive’ trading

    Automotive

    Vertu chief executive Robert Forrestor said he was "pleased to report that trading remains positive" despite concerns over the ZEV mandate.

    Vertu chief executive Robert Forrestor said he was "pleased to report that trading remains positive" despite concerns over the ZEV mandate.
  • Vertu Motors enjoys record revenue after bumpy year

    May 15, 2024

    Used car dealership Vertu Motors saw revenue and pre-tax profit rise in its annual results after a bumpy previous year forced the firm to issue a profit warning.

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