Automotive retailer with a network of 195 sales and aftersales outlets across the UK, Vertu Motors (VTU) has issued a “trading update” including its three months ended 30th November “like-for-like used vehicle volumes fell 2.0%… an improvement on the 5.7% reduction in the first half” and it having been “delivering higher overall core gross profit generation from the sale of new vehicles year-on-year”. However, it also notes some “negative external market factors”. Uh oh…
Six months ago, I observed about Vertu Motors (VTU) that “I do not own the stock but if you do then I would carry on holding…this is more than a sector survivor in my opinion”. How is it all going at “the UK automotive retailer with a network of 189 sales and aftersales outlets”?









