Marshall Motor Holdings has expressed its aim of focusing on its “strong balance sheet” in a trading update issued in response to the introduction of the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP).
Vertu chief executive Robert Forrester has said that the business is actively looking for new investments after putting in place further measures to further strengthen its “ultra conservative” balance sheet.
Franchised car dealerships failed to make the grade in The Sunday Times Grant Thornton Top Track 250 league table as it ranked Britain’s private mid-market growth firms by latest sales.
Motorpoint, the UK's largest independent car dealer, expects to report rising revenues and flat margins from trading in the first half of its financial year.
Arnold Clark grew its used car sales volumes by 10.3% to contribute towards a 7.3% rise in turnover but suffered a 15% decline in profit before tax during its financial year to December 31, 2017.
Perrys Group has blamed cost pressures including the apprenticeship levy, pension costs and a higher minimum wage for a set of 2017 annual financial results which showed a 65.7% decline in profit before tax.
Trading and profits have dipped at Cambria Automobiles due to a drop in new car performance, but its exit from Fiat Group brands will make it stronger
Arbury Group has reported 8% growth in its annual turnover and a 5% increase in pre-tax profits in its financial results to December 31, 2017.
Supercar sales specialist HR Owen has doubled its profits in the year to the end of April amid plans to build a new £50 million headquarters at the heart of London.
Vospers has reported improved turnover and profitability within its 2017 financial results as it hatches a plan for further profit growth through new dealership investments.
Lookers chief executive Andy Bruce has said that the he expects the car retail group to “meet market expectations for the full year” after reporting a 5% rise in turnover to £2.58m during the first half of 2018.
Marshall Motor Holdings demonstrated the success of "strong management actions" in the first half of 2018 with a set of financial results which show profit before tax from continuing operations up 1.2% at £16.4m.
CarGurus claims to be "the fastest growing major automotive shopping site" after its Q2 revenues grew by 45% year-on-year and its unique monthly user base swelled by 54%.
Pendragon has blamed the performance a faltering UK Motor Division for a 41.4% fall in underlying pre-tax profits in financial results for the first half of 2018.
Jaguar Land Rover made a £264 million pre-tax loss in Q1 this year compared to a £595m profit last year due to a slow-down in Chinese sales, the car manufacturer's financial results have revealed.
Renault has reported a decline in income and profit in the same week that PSA Group reported its H1 2018 success in returning Opel/Vauxhall to profit for the first time in almost two decades.
Inchcape’s UK trading profits were down “significantly” over the first half of this year as pre-registration activity put pressure on new and used car margins.
Motorpoint has posted a short trading update where it said trading in Q1 has delivered “solid sales and profits”.
TC Harrison has highlighted the negative economic effects of the Brexit vote in a set of 2017 annual financial results which show an 8.7% fall in profit before tax.
JCT600 has reported a 2% rise in turnover to £1.25 billion in the face of “challenging market conditions”, adding that it expects “fierce competition” to continue in the automotive retail sector.