Motor retailer Vertu has warned of future uncertainty driven by inflationary pressures despite seeing a hike in new car sales volumes.
Bosses at the Gateshead company, which now has a network of 189 sales and aftersales outlets across the UK, say they remain optimistic for the future, having seen new vehicle supply improve whilst constraints in used vehicle supply continue, aiding used vehicle values and gross profit.
But the business – which trades under the Bristol Street Motors, Vertu Motors and Macklin Motors brands – issued a cautionary note saying: “The market outlook, however, remains unclear due to uncertainty of consumer demand in the light of the impact of inflationary pressures and higher interest rates.”
