Vertu Motors plc announced an update with regards to the three-month period to 31 May 2025. New car retail like-for-like volume growth was 7.0%, for the period. The Group has continued to see weaker Motability sales volumes, with like-for-like volumes down 23.2% in the period. Fleet and commercial vehicle like-for-like sales volume growth was 3.0%. Used vehicle like-for-like volumes fell 3.8% in the period. The Group said adjusted profit before tax in the period remains ahead of prior year levels.
Robert Forrester, CEO, 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. New retail volumes are up materially with the Group benefiting from market share gains."
The Board said it remains cautious in respect of the consumer outlook and continued pressure in the new car market from the Government's Zero Emission Mandate promoting electric vehicle adoption. The Board anticipates that full year results for fiscal 2026 will be in line with current market expectations.
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