Cambria Automobiles’ transition towards luxury car sales with the opening of new Bentley, Lamborghini and McLaren showrooms has helped it to a 37.4% increase in profit before tax in its latest annual financial results.
Cambria Automobiles has recorded a 2.2% decline in revenues and 19.7% drop in profit before tax as an overhaul of its franchise representation led to “significant disruption” in its financial year to August 31.
Cambria Automobiles is hoping to spark a supercar-powered revolution in its franchise portfolio with the opening of its first Lamborghini showroom, two Bentley dealerships and a McLaren dealership during January.
Cambria Automobiles chief executive Mark Lavery has highlighted the group's “cast iron balance sheet” after reporting a 4.9% rise in revenues and underlying profit before tax up 6.6% in its full-year financial results to August 31.
Former Jaguar Land Rover global strategy director Adrian Hallmark will become Bentley Motors’ next chairman and chief executive as Porsche GB managing director Chris Craft joins the brand amid changes at the top.