annual financial results

Skoda to launch new design language and three new affordable EVs

Skoda is set to launch three new affordable electric vehicles (EV) and a new “design language” after delivering 878,200 vehicles delivered worldwide in 2021.

Manufacturer insight 23 Mar

Pendragon CEO ‘delighted’ after profits increased more than 10-fold in 2021

Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.

Car dealer news 23 Mar

Inchcape credits strong consumer demand and margins for 2021 ‘profit rebound’

Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.

Car dealer news 24 Feb

Aston Martin targets sales volume growth after 79% 2021 revenue rise

Aston Martin has reported a 79% uplift in revenues and a near-halving of its pre-tax losses ahead of the arrival of the world’s most powerful SUV and a new V12 Vantage coupe to its model line-up.

Manufacturer insight 23 Feb

Stellantis exceeds profitability goals despite 2021's 'intense headwinds'

Stellantis has revealed that it exceeded profitability targets in 2021 despite a 20% decline in new vehicle production triggered by the shortage of semiconductor microchips.

Manufacturer insight 23 Feb

Group 1 Automotive growth continues with record profitability in 2021

Group 1 Automotive has reported a 27.2% increase in revenues as gross profit rose 40.7% in its annual financial results for 2021.

Car dealer news 11 Feb

Sytner and CarShop owner Penske accelerated turnover and profit in 2021

Sytner Group and CarShop owner Penske Automotive has reported a 25% rise in revenues and 127% increase in pre-tax profits in its annual financial results for 2021.

Car dealer news 10 Feb

Stoneacre ‘well-positioned for continued expansion’, 2020/21 results reveal

Stoneacre Motor Group remains “well-positioned for continued expansion” after 2020/21 annual financial results detailed a near-170% rise in pre-tax profits.

Car dealer news 20 Jan

Ron Brooks Group celebrates record profits ahead of 60th anniversary year

Ron Brooks Group has celebrated record financial performance in 2021, with turnover up 15.3% and pre-tax profit surge of 67% ahead of its 60th anniversary year.

Car dealer news 17 Jan

Lookers to publish record profits after ‘exceptional’ 2021

Lookers chief executive Mark Raban has revealed that car retail PLC expects to publish record annual profits after an “exceptional” 2021 trading performance.

Car dealer news 7 Jan

Inside HR Owen's new Bentley Motors dealership in Surrey

HR Owen 2021 financial results reveal seven-fold rise in pre-tax profit

Supercar and luxury vehicle retailer HR Owen has reported a seven-fold rise in pre-tax profits in its 2020/21 annual financial results.

Car dealer news 4 Jan

Luscombe Motors continues to ‘exceed expectations’ after record 2020 profits

Luscombe Motors managing director Robin Luscombe is living a car sales “dream” after record 2020 financial results were followed by the sale of 280 MG electric vehicles (EV) in a single week.

Car dealer news 8 Nov

Inchcape Retail reports £76.4m pre-tax loss from COVID-hit 2020 trading

Inchcape Retail suffered a near tenfold year-on-year decline in profitability as it revealed a £76.4m pre-tax loss in annual financial results for its COVID-19 impacted 2020 trading period.

Car dealer news 21 Oct

Peoples Ford record financial results down to ‘tsunami of perfect performance’

Peoples Ford chairman Brian Gilda has attributed a record set of annual financial results to a ‘tsunami of perfect performance’ following 2020’s first COVID-19 lockdown.

Car dealer news 20 Oct

Harwoods Group 2020 financial results reveal 8.7% turnover decline

Harwoods Group has reported a £2.57m pre-tax profit for 2020 despite suffering a 41% decline due to the impact of the COVID-19 pandemic on the car retail sector.

Car dealer news 12 Oct

Peter Vardy Group chief executive, Peter Vardy

Peter Vardy maintained focus on 'giving back' amid 47.8% 2020 profit rise

Peter Vardy Group delivered a 47.8% increase in profit before tax in a COVID-19 impacted 2020, despite a group-wide focus on “giving back” during the financial period.

Car dealer news 5 Oct

Eastern Western Motor Group reports 33% rise in pre-tax profit in 2020

Eastern Western Motor Group has reported a near-33% rise in pre-tax profits in a set of 2020 annual financial results which lay bare the impact of the COVID-19 pandemic on its trading activity.

Car dealer news 1 Oct

Sytner Group 2020 financial results reveal 39.8% rise in pre-tax profit

Sytner Group has revealed a 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.

Car dealer news 30 Sep

Arnold Clark ‘passion and grit’ praised after 2020 results' £156.5m profit

Arnold Clark chief executive Eddie Hawthorne has praised the “passion and grit” of employees at Scottish car retail group after its 2020 annual financial results showed a pre-tax profit of £156.5 million.

Car dealer news 27 Sep

Dave Sheeran, the managing director at Donnelly Group

Donnelly Group returned to profit in COVID-hit 2020

Donnelly Group returned to profit in 2020 after delivering £7.2 million of annualised structural cost savings during the COVID-hit year in car retail.

Car dealer news 23 Sep

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