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Vertu Motors Plc

Surge in popularity of used EVs and hybrids in new figures

Figures released by the Society of Motor Manufacturers & Traders (SMMT) show an increase in popularity of electric, hybrid and plug-in hybrid vehicles, as ultra-low and zero-emissions cars begin to enter the second-hand market in greater numbers.

Nearly 30,000 alternatively fuelled vehicles were sold over the past three months, 28.6 percent more than in the second quarter of 2018, while demand for electric cars rose by 8.3 percent.

 

Vertu Motors (LON:VTU) is the sixth largest automotive retailer in the UK with a network of 125 sales outlets across the UK.  Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.