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Vertu Motors Plc

Volvo is the UK’s fastest-growing premium car brand

Buoyed by the success of the XC40 small SUV, Volvo is now the fastest-growing upmarket car brand in the UK. Sales are up 27 percent in the first half of 2019, with just under 30,000 cars sold.

This means Volvo is well on the way to meeting its 60,000 sales target for 2020. The company’s global sales are up 7.3 percent, to more than 340,000 cars.

Volvo’s performance in the used market is also strong. UK sales of Volvo Select used cars rose by 13 percent versus 2018, with a total of 16,653 units sold.

Vertu Motors Plc (LON:VTU) operates as an automotive retailer in the United Kingdom. The company sells new cars, motorcycles, commercial vehicles, and used vehicles, as well as provides related aftersales services. It operates a chain of franchised motor dealerships inluding Bristol Street Motors 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.