Vertu predicts results will beat City forecasts

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Car dealer Vertu Motors, which trades under the Macklin banner north of the Border, today said its annual results should come in ahead of City hopes following a jump in sales.

The firm said the number of new cars sold in the five months to the end of January soared 21.5 per cent compared with a year earlier, ahead of the UK market’s growth of 14.8 per cent.

Fleet and commercial vehicles sales jumped 23.2 per cent, while used sales were up 11.1 per cent on a year ago.

Vertu is due to publish its results for the year to the end of February on 7 May and said that, “given the current strong performance of the group and favourable market trends”, the figures should beat current market expectations.