financial results
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Aftersales 7 JulGrowth at Halfords Autocentres as it adds more mobile service vans
Halfords reports that its Autocentres car repair chain grew sales by 18.8% in its financial year to April 3, helped by acquisitions and Halfords being deemed an essential retailer during lockdown.
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Car Dealer News 1 JunDealer group Marshall prepares to report H1 losses due to COVID-19 impact
Marshall Motor Holdings expects to report a first-half pre-tax loss due to the 10 week closure of its showrooms by COVID-19 counter-measures.
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Manufacturer 28 MayNissan restructure follows 2019's worst financial results in 11 years
Nissan is set to close its Barcelona plant as it consolidates its European manufacturing operations in Sunderland as part of cost-saving measures designed to achieve a 5% profit margin within four years.
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Car Dealer News 21 MayInchcape's revenues drop 32% due to coronavirus impact
Inchcape’s revenues have dropped 32% in the first four months of 2020 as the international auto retailer and distributor battled coronavirus impact.
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Car Dealer News 21 MayPendragon calculates COVID-19 cost it £10 million in profits
COVID-19 disruption wiped out almost £5 million operating profit at Pendragon’s franchised dealerships before the end of March, a trading statement today reveals.
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Car Dealer News 6 MayCambria considers redundancies as COVID-19 threatens ‘Darwinian evolution’ of car retail
Cambria Automobiles chief executive Mark Lavery has conceded that “over 100 redundancies” are possible within his car retail group when the Government's coronavirus job retention scheme’s (CJRS) furlough period ends.
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Car Dealer News 6 MayCambria Automobiles performing 'ahead of expectations' before COVID-19 lockdown
Cambria Automobiles has reported increased profitability in interim financial results revealing that the AM100 car retail group was performing 'ahead of expectations' prior to the COVID-19 lockdown.
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Market Insight 26 MarCoronavirus prompts three-month Companies House accounts filing extension
Companies House has announced a three-month extension to the to the year-end accounts filing deadline in response to the impact of COVID-19 coronavirus.
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Car Dealer News 4 MarEU CO2 emissions rules causing UK car supplies to falter, says Cambria
Cambria Automobiles has claimed that a shift towards luxury car retail enabled it to maintain profits as manufacturers adjusted vehicle supplies to mitigate the impact of new EU CO2 emissions regulations.
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Car Dealer News 27 FebInchcape boosts 2019 turnover and profit with business disposals
Inchcape reported a 1.3% increase in turnover and a 256% increase in its profit before tax in its full-year financial results for 2019.
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Car Dealer News 29 JanPendragon update claims ‘significantly improved’ H2 2019 performance
Pendragon has claimed that its performance “improved significantly” during the second half of 2019, as it carried out the closure of 22 of its nationwide Car Store used car dealership sites.
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Car Dealer News 9 JanCambria ‘well positioned for 2020’ despite 9.4% new car sales dip
Cambria Automobiles has reported that it is “well positioned for 2020” despite suffering a 9.4% decline in new car sales in the first three months of its current fiscal year.
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Car Dealer News 28 NovRising costs hurt profits at used car group Motorpoint as Swansea site launches
Pre-tax profits have dropped by 18.3% at the UK’s largest independent car dealer group Motorpoint.
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Car Dealer News 22 NovLoss-making Audi and Volkswagen sites cause Caffyns profits slump
2019 half-year pre-tax profits at Caffyns have plunged 92% from the same period in 2018 as it battled Volkswagen and Audi supply problems and “a difficult economic and political background”.
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Car Dealer News 20 NovCambria luxury car sales switch delivers 2018/19 results success
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.
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Car Dealer News 1 NovCEO Andy Bruce and COO Nigel McMinn to exit Lookers
AM100 car dealer group Lookers has announced that chief executive Andy Bruce and chief operating officer Nigel McMinn are leaving at the end of this year.
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Car Dealer News 22 Oct
Pendragon reports Q3 revenue decline amid mass site closures
Pendragon has delivered an interim statement to share news of a 57.9% growth in underlying profit before tax as revenues and profits continued to decline amid mass site closures during Q3.
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Car Dealer News 11 OctVertu boss wishes he could 'ban the BBC' to block Brexit negativity
Vertu Motors chief executive Robert Forrester has said that he wishes he could “ban the BBC” among the group’s employees as he bids to block out Brexit negativity to focus on sales process.
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Car Dealer News 9 OctVertu maintains ‘discipline’ to deliver turnover and profit growth
Vertu Motors chief executive has said that maintaining the car retail group’s strategic “discipline” to achieve growth in turnover and profits during the six month period to August 31, 2019.
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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.
