annual financial results
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People News 17 JanGlyn Hopkin operations director Stuart Hodson leaves business
Glyn Hopkin operations director Stuart Hodson has left the business to “pursue other opportunities” two years after taking up the post with the Romford-based retail group.
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Car Dealer News 7 OctSytner Group remains on the rise with record 2018 revenues and profit
Sytner Group has reported a 7% increase in turnover and 14.2% rise in pre-tax profitability as it delivered a record set of annual financial results in the year to December 31, 2018.
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Car Dealer News 7 OctPeoples Ford boss repeats no deal Brexit ‘Armageddon’ warning
Peoples Ford chairman Brian Gilda has repeated his warning that a no deal Brexit will trigger “Armageddon” for UK industry as the group announced its latest set of annual financial results.
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Latest News 3 OctImperial Cars opens 10.8-acre Bristol car preparation centre
Imperial Cars will aim to prepare 3,500 used vehicles for sale via its car supermarket network each month at its new 10.8-acre Bristol facility which begun operation this week.
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Car Dealer News 30 SepArnold Clark reports profit and turnover growth in 2018 results
Arnold Clark’s pre-tax profit increased by 6.5% as group turnover rose by 7.8% during 2018 after growth in used car sales volumes helped to counteract the effects of a decline car retail market.
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Car Dealer News 27 SepRichard Hardie Group posts £218,048 2018 pre-tax loss
Richard Hardie Group has said that “subdued retail confidence”, traffic disruption and the FCA Group's poor 2018 sales performance were to blame for a second consecutive year of pre-tax losses.
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Supplier News 25 SepCarwow posts £15.9m 2018 pre-tax loss amid international expansion
Carwow has reported a £15.9m pre-tax loss for 2018 less than a week after it called for investment from car retail partners as part of a new crowdfunding initiative.
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Car Dealer News 24 SepPeter Vardy to complete 50% of car sales online by 2023
Peter Vardy has revealed that it expects to complete 50% of its car sales online by 2023 after crediting a focus on used car sales and aftersales for profit growth in its 2018 financial results.
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Car Dealer News 19 AugHatfields Group delivers record profits and revenue in 2018
Hatfields Group has published details of record profitability in a set of 2018 annual financial results which revealed a 7% increase in turnover and 17% growth in profit before tax.
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Car Dealer News 7 AugFord retailer Pertwee & Back posts loss amid reduced fleet focus
Ford franchisee Pertwee & Back has suffered a 43.4% decline in turnover as it slipped into loss following a decision to improve profitability by placing a “greater emphasis on higher margin retail sales”.
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Latest News 23 JulMotorpoint predicts reduced half-year profits amid margin pressures
Motorpoint Group has predicted reduced half-year profits ahead of its annual general meeting this morning.
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Car Dealer News 9 JulBorder Cars faces uncertain future amid ‘financial difficulty’
Border Cars has contacted its 200 employees to warn them that the business faces an uncertain future amid “financial difficulty”.
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Car Dealer News 17 JunHR Owen delivers four-fold pre-tax profit growth in three years
HR Owen’s annual financial results for 2018/19 have revealed that the London-based supercar and luxury car retailer has delivered a four-fold increase in pre-tax profits in the three years since its acquisition by the Malaysian Berjaya Group.
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Car Dealer News 12 JunPendragon seeks ‘self-help opportunities’ after significant loss predictions
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
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Latest News 11 JunCartime targets £100m sales after 28.7% turnover growth in 2018
Cartime is targeting a £100 million turnover by 2021 after celebrating a set of annual financial results which revealed a 28.7% rise in revenues and 27% increase in pre-tax profits in 2018.
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Latest News 11 JunMotorpoint delivers 6.8% turnover growth ahead of expansion
Motorpoint delivered 6.8% turnover growth and 10% growth in profit before taxation and exceptional items in its 2018 annual financial results.
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Supplier News 6 JunAuto Trader’s annual turnover rose 8% to £355.1 million in 2018
Auto Trader’s annual turnover rose 8% to £355.1 million in 2018 as its grew its average profit per retailer forecourt by 9% to £1,844.
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Latest News 4 JunFast-expanding Motordepot records 25% turnover growth
Fast-expanding Motordepot has revealed a 35% increase in turnover and 16% growth in pre-tax profits in a financial period which saw the independent retailer open three used car supermarkets.
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Car Dealer News 3 JunCaffyns blames WLTP effect for 3.1% decline in 2018 turnover
Caffyns has blamed a 3.1% decline in turnover in its 2018 financial results on WLTP’s impact on the supply of vehicles from certain car manufacturer brands - with Audi “significantly constrained” by the new regime.
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Car Dealer News 31 MayLookers reports ‘continued strong momentum’ in AGM trading update
Lookers has reported growing turnover and profitability across new and used car sales and its aftersales operations in a trading update announced at its AGM today.
