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Vertu Motors profits fall but growth expected after strong start to 2025

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  • 2025-05-14 15:53 event
  • 1 week ago schedule
Vertu Motors profits fall but growth expected after strong start to 2025
Vertu has reported a 15.5% drop in adjusted profit before tax performance to £29.3m for the year, as cost controls and strong aftersales helped offset a weak retail new car market.

120. Tesla is one of the fastest depreciating car brands in the UK

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Tesla's models are losing nearly half (45%) of their value witin three years, according to data from the Carmoola Car Depreciation Index.

121. Car dealer jailed for £300,000 worth of fraudulent sales of written-off vehicles

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Dealer sentenced to four years in prison after a trading standards investigation revealed he sold written-off vehicles without informing buyers.

122. Autogem launches new award in memory of Adam Livett

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Autogem has introduced a new award in honour of its late business development manager, Adam Livett, as part of its annual Under Pressure competition.

123. BMW chairman Norbert Reithofer steps down

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BMW chairman Dr Norbert Reithofer is stepping down from the business today.

124. JLR hits profit peak as £18bn investment strategy takes shape

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JLR posts £2.5bn FY25 profit—its best in a decade—driven by high-margin models, strong EV sales and solid cash control under its Reimagine strategy.

125. Executive View: Why ‘replace and recycle’ is the wrong fix for EV battery confidence

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Autocraft’s Dr Sara Ridley challenges the ‘replace and recycle’ norm—arguing battery repair must be part of the EV future.

126. EVs make waves in dealer profit margins as AFV volumes rise

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EVs made a strong showing in April, with six of the top 10 models by gross margin powered by electric or hybrid drivetrains, according to Dealer Auction.

127. Women still feel shut out of car showrooms, finds Citroen

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Nearly half of women say the car-buying experience is still a boys’ club, according to a new Citroën UK study.

128. Hendy ramps up regional revamp with 20 general manager hires

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Hendy Group has appointed 20 new general managers as part of a major shift to a regional operating model, which went live on April 1.

129. Vertu Motors profits fall but growth expected after strong start to 2025

  • 1 week ago schedule
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Vertu has reported a 15.5% drop in adjusted profit before tax performance to £29.3m for the year, as cost controls and strong aftersales helped offset a weak retail new car market.

130. Cooper Parry strengthens automotive focus with senior hire and new insights hub

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Business advisory firm Cooper Parry has reaffirmed its commitment to the UK automotive sector with the appointment of Ian McMahon as its new Head of Automotive.

131. Nearly half of UK used car buyers return to same dealer

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Almost half of UK drivers (48%) return to the same dealership to buy another used car, new research from AA Cars reveals.

132. Executive View: Protecting the residual value of EVs

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Mark Llewellyn, managing director of Revive!, explores how the UK’s booming used EV market is reshaping the industry - and why protecting residual values is now crucial for both dealers and drivers.

133. Long-term test: Plush and powerful - the first impressions of the Genesis Electrified GV70

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The first of our long-term reports reviewing the Genesis Electrified GV70 finds the car is a hot prospect for dealers

134. New data cleanse tool tackles costly inaccuracies in customer records

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Dealerships can now conduct a real-time audit of their customer database with a new service from Marketing Delivery.

135. Cheltenham car detailer buys HQ with £455k funding to drive franchising bid

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Elite Car Spa is gearing up its national expansion plans after securing a £455,000 funding package to purchase its business headquarters.

136. Minimum wage rise tops dealer cost concerns in 2025

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More than half of UK dealers say April’s pay hike is the biggest hit to profitability.

137. Jaecoo 7 tops Carwow new car configuration hot list

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The Jaecoo 7 has become the most-configured vehicle on Carwow during the first five weeks of Q2 2025.

138. Celtic Auto adds KGM to expand brand reach in South Wales

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Celtic Auto Group has partnered with KGM Motors (formerly SsangYong) to add the franchise to its Swansea location.

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