Used vehicle retailing - Page 11
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Used car dealer Motorpoint reports £22m swing to loss-making in 2023
Car supermarket chain Motorpoint suffered a swing from £21.5m profits in its 2022 financial year to a £300,000 loss in its 2023 financial year, as it was hit by rising financing costs, stock shortages, depreciating electric vehicles and rising investment requirements.
financial results
14 Jun 2023
News
Cazoo restructure ‘starting to bear fruit’ in Q1 financial results
Used car retailer Cazoo reported a 690% year-on-year growth of gross profit per unit and overall gross profits up 367% to £14 million in Q1 as its CEO asserted that its sweeping restructure was starting to “bear fruit”.
Car dealer news
27 Apr 2023