Vertu Motors has released a trading update with regards to the three-month period to 31 May 2026. The Board anticipates that full year results for FY27 will be ahead of current market expectations.
The Group has seen like-for-like volume growth in all channels: new retail, Motability, used vehicle and fleet and commercial. Aftersales is contributing to growth in Group profits year-on-year. Group margins remain stable and overall trading performance remains ahead of prior year levels.
Robert Forrester, Chief Executive Officer, 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.”
The opening, in an existing Group site in Burton, demonstrates Vertu’s ability to reposition existing assets to support attractive growth opportunities.
Another Group outlet will be re-franchised to Omoda and Jaecoo on 1 October.
The Group will have 15 sales outlets representing Chinese automotive brands following these openings.
Cost benefits will arise from portfolio changes, such as the relocation in the coming months of Sheffield Mazda from a stand-alone site to a multi-franchise operation alongside the Nissan franchise in the city.
Group operating costs remain tightly controlled.
