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.
Luscombe Motors recorded a 24.5% rise in profit before tax and a 5.3% increase in turnover following a restructure which made the business “less reliant on the managing director”.
Auto Trader’s pre-tax profits rose 10% to £105.4 million as turnover rose by 7% to £165 million as the online marketplace returned H1 financial results which were “in-line with market expectations”.
Lookers has reported new car margins and profit per unit for both new retail and fleet cars were higher year-on-year in a trading update on the year to September 30.
Inchcape has revealed that it expects to “continue to benefit from its global diversification and scale” in a trading update which revealed group revenues had risen 14.6% to £2.3 billion in Q3.
Peoples, the largest independent dealership in Europe retailing only Ford cars and commercial vehicles, has posted a record turnover of £276 million in its annual report.
Pendragon chairman Mel Egglenton has stepped down from his position as the PLC issued its forecast of falling profits in 2017.
Pendragon is set to review and restructure its franchised dealer operations after issuing a profit warning to the London Stock Exchange.
Vertu Motors has reported six-months of growth in operating profit, earnings per share, dividends and return on sales despite revenues remaining flat at £1.45bn.
Groupe Renault has set out a six-year plan to grow its global volumes by 40% to over five million vehicles as it targets a 7% margin from revenues of over £62 billion.
Motorpoint Group PLC has said that it expects to report revenue growth of over 18% during the first half of 2017, compared to the same period last year.
Vantage Motor Group has posted a pre-tax loss of £134,000 despite realising a record turnover of £262m – up 25% on 2015.
The John Clark Motor Group will grow through the post-Brexit period despite a “ongoing political uncertainty” and a “stable but fragile economy”, according to a statement made following the publication of its 2016 financial results.
Norton Way Group has reported a revenues rise of £213m for 2016 a year after opening Europe’s largest Kia showroom in Brentford.
The Trade Centre Wales has reported pre-tax profits £10m ahead of 2016 in a trading update for the first two-thirds of this year.
Marshall Motor Holdings' chief executive Daksh Gupta said that the group was in a “great position to continue outperforming the market” after profit before tax rose 32.9% in a record set of interim results.
Beadles Group has reported a 12% decline in pre-tax profits to £2.6 million in its first set of annual results since its acquisition by Group 1 Automotive.
Perrys Group has recorded its sixth year of rising revenues in its financial results for 2016 – with revenues up 5.4% to £661.4m.
AA executive chairman Bob Mackenzie has been fired for "gross misconduct” amid falling share prices at the roadside assistance and vehicle warranty specialist.
Pendragon chief executive Trevor Finn has reiterated the group’s intention to double used car revenue by 2021 after its H1 financial results revealed a 5.8% fall in new car sales revenues.
