COMPANIES The government’s car scrappage scheme helped Vertu Motors record a 49 per cent rise in interim profits to £2.84m ($4.56m).
Robert Forrester, chief executive, described the scheme, which enables owners of cars more than 10 years old to buy new vehicles with a £2,000 discount, as “a huge success”. Vertu had sold 1,686 cars under the scheme, generating £900,000 of additional tax revenues in excess of the government subsidy.
