Vertu Motors Share Discussion Threads

[blackhorse23] 03/2/2025 18:53

Bargain buying atm

[sao1] 03/2/2025 16:32

What's the latest here. Been away from VTu for a year.

[blackhorse23] 03/2/2025 16:25

Looking good in here

[grabster] 23/1/2025 09:52

Not as big as the 10%/75p drop in Inchcape (INCH) this morning.
INCH is no longer a straight read-across to Vertu since becoming a distributor rather than a dealership group, since becoming a subsidiary of US Group 1 last summer - but sure to have some relevance. Group 1 have been laying off a very large number of INCH showroom employees last month in what staff describe as a major cull.. 60 or more went at Xmas.

[sao1] 22/1/2025 15:29

Big drop today.

[mortimer7] 06/1/2025 16:26

This morning SMMT announced the total for new cars registered in the UK in the month of December being 140,786. Which is a slight decrease on December last year total of 141,092.

Year totals: 2024 1,952,778. 2023 1,903,054.

Over the full 2024 year growth was delivered entirely by fleet registrations, up 11.8% to reach 1,163,855 units. Conversely, registrations by private buyers fell by 8.7%.

BEVs made up 19.6% of the market in 2024, but fell short of the 22% demanded by the mandated targets for new zero emission vehicles. These targets increase to 28% in 2025.

[grabster] 18/12/2024 12:21

Thursday 7 December last year, yes. And it was a disappointing one covering the spell to e/o November. They're not obliged to issue one. But if they do are they leaving it longer this time for some specific event to be included?

No real clues among the local coverage of particular dealerships. They did shut down their BMW outlet in Dorchester on Dec 6 as costs were making it unviable. But that's nothing exceptional. October they announced they would no longer be opening dealerships on Sundays.

This report was a week ago. It has no bearing on the trading period to e/o November, but might impact what they were going to be saying in their 'Outlook' section:

"Vertu Motors has brand new sold petrol cars stuck in compounds and cannot deliver them to customers in time for Christmas because of the ZEV Mandate, its boss has said."

[robmcelf2] 07/12/2024 23:43

Are we due a market update from VTU next week? I think there was one 7th Dec last year...

[mortimer7] 05/12/2024 10:56

This morning SMMT announced the total for new cars regd in the UK in the month of November being 153,610. Which is a 1.9% decrease on November last year total of 156,525.

SMMT Commentary:-
"market demand for EVs remains weak and below the levels expected when the regulation was drawn up by the previous government. The industry now expects the UK’s BEV market share to be 18.7% in 2024, although a strong December performance could raise that to 19% – still, however, short of the 22% mandated target for the year"

[buffalobillnuts] 28/11/2024 05:29

Someone bought 7 million shares yesterday. Clearly they know it is undervalued!!!

[wad collector] 27/11/2024 21:22

The green shoots today?

[woodwards26] 20/11/2024 17:11

Then it's not a lease , it will most likely be a purchase scheme with payment pattern of a lease and potentially attract benefit in kind taxation

[dennisbergkamp] 19/11/2024 08:58

Strangely tusker allow you to buy the car at the lease end

Never had that choice before

Although can only see that as an arbitrage call. If there’s a delta then worth a buy and sell
D

[my retirement fund] 19/11/2024 08:30

Even company leases are being priced in the expectation the thing will be near worthless when it's handed back, I'm not an accountant but it must make more sense to pay an employee on the Fixed cost MAPs scheme now verses the savings that can be written off against profits or the corporation tax.

[dennisbergkamp] 18/11/2024 17:35

I wouldn’t buy one - company lease and then return it at the end - salary sacrifice - it’s becoming a huge thing

D

[my retirement fund] 18/11/2024 16:03

Years ago, dealers used to try and wind the clocks backwards to make money, now the reverse is happening. Some are actually purposely winding them forward just to try and sell them on as huge discounts second hand, when really they are still new. You can go on Autotrader and filter cars with under 500 miles and under 12 months old and there are loads of them. Not only that, there are loads more sitting in compounds waiting to be sold on a stupid discounts over the guide price. Total insanity. This is what happens when manufacturers are forced to make things that no one really wants.

[baldy45] 18/11/2024 15:58

Brought for £80+K, manufaturers recall for battery/circuitry problems.
Cost to Porsche £45K, current value of car about £30K.

Who in their right mind would wast their money on a milk float?

[my retirement fund] 18/11/2024 15:57

What's happening is that manufacturers are being forced to pre register brand new bevs that nobody wants, then the dealers are forced to sell them on as second hand. Another reason there is no value in secondhand bev's. You can basically buy a brand new bev that's under a year old for as if it were a 2/3 year old model with 20K miles on the clock. Anyone buying a bev and expecting any future residual value in it after a few years needs to understand that's not going to happen. The pace of devaluation of these things is off the chart and getting worse. How long can manufacturers keep building these things when no one wants them and everyone they built losses them money?

[dennisbergkamp] 18/11/2024 15:19

Unless it’s through a company scheme which is tax bene

Btw, if you’re going petrol/diesel - buy a jag. It’ll hold its value as tata are about to bin all jags - and relaunch with just 3 electric ones

D

[wad collector] 18/11/2024 13:27

The CEO was on Radio 4 this morning pointing out the carnage that EV mandates are causing the industry. Demand is not there and a £15k per car fine for exceeding the 22% target is distorting the market.
I suppose the end point is a reduced price for EVs and increase for the others, but the playing field is not flat and unintended consequences are a result. Without more financial incentives and the EV infrastructure improvements necessary, most of us are not willing to pay for EVs yet.

[niklol] 14/11/2024 20:44

Appreciate the responses
Thanks

[jonandjane1] 14/11/2024 15:51

The relative loss of business will be offset by the improved quality of applications for sales positions. The wage saving is negligible as it is generally only the sales department open on Sundays, and the earnings are mainly dependent on sales, no sales - no commission. The improved productivity over the six days and quality of staff recruitment will far outstrip the downside of Sunday opening. This is a very progressive move by Vertu and will give them a competitive advantage recruiting sales talent, which in turn leads to increased sales.

[microscope] 14/11/2024 11:27

Sunday closing creating negative sentiment, but it'll have been based on hard-nosed look at the books and presumably they've concluded, as others have indicated, it really wasn't worth the effort. Market over-reaction as usual, all imho.

[niklol] 14/11/2024 10:24

Opinions on why the share price keeps dropping please?
Thanks