Profits have risen at AM100 dealer group Caffyns following growth in used cars and aftersales.
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.
Aston Martin has reported an 899% year-on-year increase in profits during Q3 as it doubled production output in its first set of financial results since its IPO last month.
Marshall Motor Holdings said its full year 2018 profits are still expected to beat its record last year, despite the industry issues caused by WLTP.
Auto Trader has reported a 7% increase in revenues and a 10% rise in operating profits in its half-year financial results for the six months to September 30.
Lookers has reported growth in its used car and aftersales operations as new car volumes and turnover declined in-line with the market during the period to September 30.
Sytner Group has reported a rise in sales revenue and pre-tax profit from its trading to October 1.
Pendragon has projected full-year financial results delivering a further 17.2% decline in underlying profit before tax in an interim management statement revealing declines in turnover and profit during Q3.
Vantage Motor Group has reported a return to profitability in its annual financial results following the sale of ‘unprofitable businesses’.
Pendragon share prices fell by over 21% as markets opened this morning as the AM100 franchise car retailer issued a fresh profit warning.
Peoples' chairman Brian Gilda has warned of Brexit “Armageddon” for the UK’s automotive sector after the Scottish retail group negotiated “fierce competition and diminishing volumes” to realise a £274.4 million turnover.
Sytner Group recorded a 9.3% decline in profit before tax as it generated a record turnover during 2017, annual financial results have revealed.
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.
John Clark Motor Group has reported a 5.5% increase in turnover during its financial year to December 31, 2017, ahead of the publication of its full financial results.
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
