2:16 pm, June 24, 2026
Vertu Motors is expecting its profits to exceed market expectations this year, as the listed group ‘continues to trade positively’.
The Car Dealer Top 100 firm this morning (Jun 24) issued a trading update via the London Stock Exchange in which it revealed that volume growth is up in all areas, compared to last year.
The firm has improved its numbers across its new retail, Motability, used vehicle and fleet and commercial channels, with aftersales also contributing to growth in group profits year-on-year.
Bosses also say that group margins remain stable and overall trading performance is ahead of prior year levels.
Looking ahead, Vertu is close to launching its first Omoda and Jaecoo dealership, which will open in Burton on July 1, while another – as yet unnamed site – will be re-franchised to the Chinese duo from October.
The update was issued ahead of the firm’s AGM, which also took place this morning. The meeting saw all 16 motions that were put forward being passed, each with a majority of at least 97.87%.
Robert Forrester, chief executive officer of Vertu, said: ‘The group has made an encouraging start to FY27 with full year results now expected to be ahead of market expectations, supported by growth across all key revenue channels and continued momentum in our high margin aftersales operations.
‘While we remain mindful of wider consumer pressures and the ongoing impact of the Zero Emission Mandate, we are confident in the resilience of the business and our ability to capture growth opportunities, including through the launch of our first Omoda and Jaecoo dealership in Burton.’
