29 July 2021 - trading update

The AIM-listed motor group which trades under names including Vertu, Macklin Motors and Bristol Street Motors has issued a positive trading update.  Strong sales of used cars have been seen with good gross margins with new car sales and margins also being strong.  Services revenues have also strengthened in recent weeks and the company now expects that adjusted pre-tax profits for the six months to 31 August will be at least £40m.  The group sounded a note of caution on the second half though due to supply constraints over new vehicles as a . . .

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