Vertu grows despite new car volume drop

Vertu Motors has reported a growth in return on sales in its 2017 half-year figures despite a 14.7% drop in like-for-like new car retail volumes.

The latest financial figures from Vertu show a profit before tax figure, adjusted for exceptional items, up 7.2% to £20.9 million on a turnover of £1.45bn. The turnover figure was almost unchanged over the first half figure for 2016. Adjusted return on sales grew to 1.5%, up from 1.4% in H1 2016.

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