Yes but depends on the time period, publisher, etc. A lot of textbooks and resources (Duolingo uses this convention) I have looked at for classical Latin differentiate between V as a vowel (with u) and V as a consonant (with v). Some do the same for I by using 'i' for a vowel and 'j' for the consonant (Duolingo does not do this).
In Latin, subjunctive of "he wants" (vult) is "he would like" (velit).
want; volo - vis - vult (volt)
would like; velim - velis - velit
Calceos vendere vult. (He wants to sell shoes.)
Calceos vendere velit. (He would like to sell shoes.)
I'm still a beginner, please correct me if this is wrong. Thanks!
referance; https://en.wiktionary.org/wiki/volo#Latin (click " Conjugation of volō ")