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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Vertu crashes after big slump in new car sales

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
New car sales slumped by 13.2% on a like-for-like basis at Vertu Motors (VTU:AIM) in the four months to 31 December, triggering a profit warning from the company.
Vertu has been hit by further declines in the new car market due to the depreciation of sterling and weaker consumer spending in the run-up to Christmas.
It is cautious on the outlook for the next financial year, although a strong, property rich balance sheet with low debt levels should, in theory, help it weather the tougher times ahead.
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