Latest news with #VertuMotors
Daily Mail
25-06-2025
- Automotive
- Daily Mail
Vertu Motors new car sales growth offsets drop in second hand demand
Bristol Street Motors owner Vertu Motors has hailed strong trading against a difficult market backdrop. Britain's fourth-biggest automotive retailer reported new car volumes rose by 7 per cent on a like-for-like basis in the three months ending May, compared to 5.6 per cent growth across the UK retail market. Comparable fleet and commercial vehicle volumes expanded by 3 per cent despite the UK commercial van market experiencing a decline, while the firm's high-margin service revenues increased by 4.1 per cent. However, like-for-like motability volumes remained depressed, plunging by 23.2 per cent due to market share continuing to shift away from traditional manufacturers. Meanwhile, weaker customer demand and tight supply led to a 3.8 per cent decline in used vehicle volumes. However, used car margins improved from 7.3 to 7.5 per cent during the period. Vertu also said it achieved higher gross profits in its service and parts divisions during the period and its adjusted pre-tax profits were better year-on-year. Following the performance, the Gateshead-based company expects its annual results to be commensurate with forecasts. Robert Forrester, chief executive of Vertu, said: 'Since the beginning of the financial year, a period which includes the important trading month of March, the group has traded well in a challenging macro-economic environment.' But he added: 'This encouraging start to the year is balanced by ongoing headwinds of a challenging consumer and business environment and the Government's ZEV mandate promoting accelerated electric car adoption.' Under the ZEV mandate, automakers must sell a minimum percentage of battery electric vehicles each year in order to reduce the number of cars on the road with internal combustion engines. To avoid fines for not meeting targets, manufacturers can borrow credits from future years or purchase them from carmakers who are complying with the rules. For the current year, 28 per cent of new car sales and 16 per cent of vans have to be zero-emission. By 2030, it must be 80 per cent for cars and 70 per cent for vans. Many automobile manufacturers have criticised the rules for being too ambitious and warned that they could lead to redundancies or billions in lost investment. In early February, Vertu claimed the mandate was causing 'disruption' to the UK new car market and called on the UK Government to introduce 'significant' incentives to boost battery EV demand. Founded in 2006, Vertu operates 195 franchised sales outlets that sell a wide array of famous brands, including Audi, Hyundai, Nissan and Volkswagen. Vertu Motors shares were 0.5 per cent higher at 62.5p by late Wednesday afternoon but have fallen by around 19 per cent over the past year.
Yahoo
16-05-2025
- Automotive
- Yahoo
Vertu Motors Full Year 2025 Earnings: Misses Expectations
Revenue: UK£4.76b (flat on FY 2024). Net income: UK£18.1m (down 30% from FY 2024). Profit margin: 0.4% (down from 0.5% in FY 2024). EPS: UK£0.055 (down from UK£0.076 in FY 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 11%. Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Specialty Retail industry in the United Kingdom. Performance of the British Specialty Retail industry. The company's shares are up 1.9% from a week ago. We don't want to rain on the parade too much, but we did also find 2 warning signs for Vertu Motors that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times
14-05-2025
- Automotive
- Times
Electric car revolution needs a spark
Such is the culture war around the electric car revolution that any new statistic is taken by either the pro or anti lobby as immutable evidence that the other side is being proved wrong. Expressing an actual opinion can feel like being doused in battery acid. Robert Forrester is one of the few people who actually knows what is going on. And as the chief executive of Vertu Motors, the last big new car retailer still listed on the London Stock Exchange, he actually has a duty to share that knowledge. Forrester, as it turns out, is on both sides of the argument. • Vertu Motors issues profit warning, blaming zero-emission mandate On Wednesday Vertu reported a drop in profits directly resulting from the electric
Yahoo
28-04-2025
- Automotive
- Yahoo
Vertu Motors partners with Solera cap hpi to boost digital integration
UK motor retailer Vertu Motors has partnered with Solera cap hpi to advance its digital integration across its dealership network. Under the agreement, Solera cap hpi will supply its HPI Check provenance data to Vertu Motors through a shared risk commercial model. This arrangement enables Vertu to access all necessary data points to support vehicle retail operations, with the flexible structure intended to improve operational efficiency and advance the group's omnichannel retail strategy that combines physical showrooms with digital platforms. Solera cap hpi will also provide current and forecast vehicle valuations, which will help Vertu Motors refine its smart pricing strategies and inform decision-making processes across its network of over 200 dealerships. Vertu represents more than 30 major manufacturers. Vertu Motors chief operations officer David Crane said: 'The new agreement builds on our long-standing relationship with Solera cap hpi. 'It supports the company's commitment to data-led decision-making in a fast-paced market, with the ability to update vehicle pricing from a central source, bringing even more efficiencies into the group. 'We use data-driven decision-making across our organisation to generate enhanced returns and deliver a better customer experience. Data drives our omnichannel development, bringing 'bricks and clicks' together.' The latest move follows Vertu's recent £3.6m ($4.79) investment to expand its presence in the South West, including the launch of two new Volvo dealerships in Yeovil and Plymouth. Solera cap hpi strategic retail head Wendy Swaine said: 'New investment in our data will see the HPI Check continue to lead the industry and provide our retailers and wider customers with the information they need to accurately buy and sell vehicles.' Solera cap hpi is a provider of real-time vehicle valuations and provenance data to UK dealerships. Last year, the company delivered more than 143.8 million valuations and completed 29.2 million HPI Checks through its digital platforms. "Vertu Motors partners with Solera cap hpi to boost digital integration" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
28-04-2025
- Automotive
- Yahoo
Vertu Motors partners with Solera cap hpi to boost digital integration
UK motor retailer Vertu Motors has partnered with Solera cap hpi to advance its digital integration across its dealership network. Under the agreement, Solera cap hpi will supply its HPI Check provenance data to Vertu Motors through a shared risk commercial model. This arrangement enables Vertu to access all necessary data points to support vehicle retail operations, with the flexible structure intended to improve operational efficiency and advance the group's omnichannel retail strategy that combines physical showrooms with digital platforms. Solera cap hpi will also provide current and forecast vehicle valuations, which will help Vertu Motors refine its smart pricing strategies and inform decision-making processes across its network of over 200 dealerships. Vertu represents more than 30 major manufacturers. Vertu Motors chief operations officer David Crane said: 'The new agreement builds on our long-standing relationship with Solera cap hpi. 'It supports the company's commitment to data-led decision-making in a fast-paced market, with the ability to update vehicle pricing from a central source, bringing even more efficiencies into the group. 'We use data-driven decision-making across our organisation to generate enhanced returns and deliver a better customer experience. Data drives our omnichannel development, bringing 'bricks and clicks' together.' The latest move follows Vertu's recent £3.6m ($4.79) investment to expand its presence in the South West, including the launch of two new Volvo dealerships in Yeovil and Plymouth. Solera cap hpi strategic retail head Wendy Swaine said: 'New investment in our data will see the HPI Check continue to lead the industry and provide our retailers and wider customers with the information they need to accurately buy and sell vehicles.' Solera cap hpi is a provider of real-time vehicle valuations and provenance data to UK dealerships. Last year, the company delivered more than 143.8 million valuations and completed 29.2 million HPI Checks through its digital platforms. "Vertu Motors partners with Solera cap hpi to boost digital integration" was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
