It's also clear to me from the recent trading statements from the industry's largest car dealers that the dynamics driving the new and used car market, and which I outlined when I initiated coverage on Cambria, are highly supportive of the sector-wide earnings growth analysts are predicting this year and beyond. These factors were evident last week when Vertu Motors (VTU: 66p), an Aim-traded company with a market value of £221m and the sixth-largest car dealer in the UK, released a pre-close trading update ahead of half-year results in mid-October.
Driving new and used car sales