All the updated news related to vertu motors

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Vertu Motors says new car prices still spiking as it posts £2bn revenues

Car dealership group Vertu Motors has reported its second highest half-year of profits as the price of new cars continues to spike. The group said it made £28 million in profits in the first half of the year after raking in £2 billion in revenues. ...

05 Oct 2022 at 13:08

City

Vertu registers profit increase but warns of rising electricity bill

Vertu Motors said it is facing a rise in its electricity bill from the start of October, as it and many other companies see their fixed-price energy deals run out. The business revealed that it is paying below market rate at the moment for its ...

06 Sept 2022 at 10:20

City

Vertu shares plunge after fall in second-hand car prices

Shares in car dealership Vertu Motors plunged on Thursday as it warned shareholders that record price drops for second-hand vehicles would eat into its profits. The cost of used cars has soared in recent years and in early September was ...

07 Dec 2023 at 13:06

City

Vertu Motors braces for lower half-year profits as new car sales fall

Car dealership Vertu Motors has said half-year profits will come in lower as demand for new cars and more expensive electric vehicles remains under pressure. The group, which has 192 showrooms and after-sales sites across the UK, said ...

02 Sept 2024 at 08:16

City

Vertu Motors axes jobs and shuts showrooms on Sundays after Budget blow

Car dealership Vertu Motors has blamed Budget cost hikes for job cuts and said it has been forced to shut showrooms on Sundays as it braces for a hit of around £10 million. The group said it had already reduced its workforce to make ...

06 Feb 2025 at 16:28

Activists target Land Rover dealership in ‘retaliation’ over school deaths

A group opposed to sports utility vehicles (SUVs) said its supporters have “destroyed” car tyres at a dealership in an “act of retaliation” after two young girls were killed in a crash at a school. Tyre Extinguishers claimed ...

07 Aug 2023 at 13:05

City

Vertu Motors: Electric carmakers are slashing prices to meet emissions targets

Vertu Motors has cautioned the new car market is coming under pressure as carmakers scramble to meet Government zero-emission targets by cutting prices. The car dealership group said demand for battery electric vehicles ...

17 Oct 2024 at 09:37

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