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UK's Vertu Motors reports 5.8% decline in new car sales, 5% rise in used car sales, 3.3% overall revenue increase.
Vertu Motors, a UK car dealership, reported a 5.8% decline in new car sales for the five months ending July 31, attributed to weak demand and an oversupply of electric vehicles.
However, used car sales rose by 5%, leading to a 3.3% increase in overall group revenues.
The company anticipates lower first-half profits but expects improvement in the second half, driven by a stronger used car market and plans to automate certain tasks to reduce costs.
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Vertu Motors del Reino Unido reporta un descenso del 5,8% en las ventas de automóviles nuevos, un aumento del 5% en las ventas de automóviles usados, un aumento del 3,3% en los ingresos generales.