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.
Jaguar Land Rover (JLR) posted a £358 million loss in its latest set of annual financial results – despite returning to profitability in Q4.
JCT600 is celebrating a record set of annual financial results for 2018 after the car retail group’s turnover rose 2% to £1.28 billion and profits held flat in what was described as a “challenging year”.
Cambria Automobiles has opened the doors to its new Aston Martin dealership in Hatfield to complete its relocation from a temporary showroom at Welwyn.
Vertu Motors’ chairman Peter Jones described the AM100 franchised car retail group's 2018 financial performance as “a credible result” despite a 16.8% decline in profit before tax.
Swansway Motor Group has reported a 35% increase in its profit before tax in its annual financial results for 2018 – despite a decline in turnover.
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
Motorpoint Group has said that it expects to report a 6% increase in revenues and a 10% increase in underlying profit before tax in its forthcoming annual financial results to March 31, 2019.
The Trade Centre Group has published a record set of annual results detailing a 44% rise in turnover to over £250m and record profits during a year of expansion in 2018.
Marshall chief executive Daksh Gupta said that the group is well-placed to make “another Ridgeway-style acquisition” as he highlighted a strong balance sheet amid 2018 financial results which revealed a 2% decline in turnover.
Lookers recorded a 9% decline in pre-tax profits despite growth in aftersales and used cars as WLTP impacted new car supplies and economic uncertainty impacted consumer confidence in 2018.
Pendragon’s profit before tax total slipped to a £44.4m loss in 2018 as revenues declined by 2.4% to £4.63bn in its annual results to December 31, 2018.
Vertu Motors chief executive Robert Forrester has said that the group is “well positioned to take full advantage of tougher markets” in a trading update for the AM100 car retail group.
Inchcape’s growing profitability from global vehicle distribution were offset by a challenging retail sector during 2018 – with revenues up 3.6% but underlying profit before tax down by 6.5%.
PSA Group’s first full year results since its acquisition of Opel Vauxhall show a €1.7 billion (£1.46bn) increase in recurring operating profit.
Stoneacre Motor Group has reported turnover growth of 9% and profit before tax up 34% in its financial results for 2018.
Arnold Clark has completed the acquisition of Phoenix Car Company, with the transfer of assets and staff from the Paisley-based car retailer to take place on January 31.
Vantage Motor Group is set to follow-up a successful network restructure with the opening of a new Lexus dealership in Preston.
BCA Marketplace has “exceeded expectations” with a set of interim results which revealed an increase in UK remarketing revenues of 23.5% during the sixth month period to September 30.
Motorpoint’s latest interim financial results have shown that the used car supermarket group generated 9.4% revenue growth in the six months to September 30.
