11th May 2022 13:27
Vertu Motors PLC - Gateshead, England-based car dealership - Revenue for the financial year ended February 28 rises 42% to GBP3.62 billion from GBP2.55 billion the year before. Says it executed "exceptionally" well in the year, with used car sales jumping 56% to GBP1.58 billion from GBP1.01 billion and gross profit from this division soaring 64% to GBP154.4 million from GBP93.9 million. "The used vehicle market in the UK, has seen unprecedented market dynamics throughout the year...Constrained supply of used vehicles has consequently been apparent driving increased vehicle prices and margins and leading to record used vehicle profitability," company says. Read More
