Things look fine and dandy at car retailer Vertu Motors (VTU). The group reported a 9 per cent increase in like-for-like vehicle volumes last year, while profits per unit also increased as the group acquired premium brands such as Jaguar Land Rover, Alfa Romeo and Infiniti.
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These acquisitions, as well as those made in previous years, account for the surge in reported group sales since 2012. In fact, 41 per cent of last year's revenues relate to dealerships bought in the past four years. "That shows the immaturity of our group relative to the competition and gives us opportunities to grow," says chief executive Robert Forrester.