Vertu Motors (GB:VTU) has released an update.
Vertu Motors reports a robust performance in its used car and aftersales sectors, with a 5% growth in used vehicle volumes and increased gross margins, despite a softer new retail car market. The company’s strategic acquisitions and openings, including a Honda dealership and outlets with BYD and Ducati, are strengthening its brand network. Vertu Motors is set to meet full-year profit expectations, maintaining a strong balance sheet and focusing on cost efficiency amid inflationary pressures.
For further insights into GB:VTU stock, check out TipRanks’ Stock Analysis page.
