Archived article

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.

magazine

Vertu crashes after big slump in new car sales

New car sales slump triggers profit warning at AIM-quoted automotive retailer

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.

‹ Previous2018-02-01Next ›


01 Feb 2018

Download PDF

Page flip version

Important information:

These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.

Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.

Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.

The Shares team
Disclaimer

Issue contents

Big News

Editor's View

Feature

Funds

Great Ideas

Great Ideas Update

Investment Trusts

Larger Companies

Main Feature

Money Matters

Smaller Companies

Story In Numbers

Talking Point

Under The Bonnet

Week Ahead

Magazine archive


31 Jul 2025
24 Jul 2025
17 Jul 2025

10 Jul 2025
3 Jul 2025
26 Jun 2025

19 Jun 2025
12 Jun 2025
5 Jun 2025