Clive Brook Volvo Ltd is celebrating its most profitable year-to-date after achieving a £40 million turnover in its ninth year of trading.
Cambria Automobiles plc has “maintained its momentum” following a strong showing in the last financial year, according to a statement issued ahead of the group’s AGM.
Cambria Automobiles has seen a 17.3% rise in turnover and 53.2% rise in profit before tax to record revenues despite a “clear softening” of the retail market in Q2 and Q3, the group has reported.
Motorpoint has revealed revenue increased by 11.5% to £408.9m but operating profit before exceptional items down 32% to £7m in its half-year financial report.
Caffyns has reported underlying profit was up in the six months to the end of September by 2.3% to £1.01 million with profit before tax up 221% to £5.49m.
The boss of AM100 dealer group Cambria Automobiles has warned of a period of economic uncertainty following June’s Brexit vote, with “softening” of margins.
Almost two thirds of Auto Trader’s £153.9m half-year revenues have been turned into profit.
AM100 dealer group Peoples has reported record record profits, turnover and year-on-year sales for the fifth year in a row in its annual results to the year ended July 31st.
Uncertainty around the result of the EU referendum has led car supermarket group Motorpoint to sacrifice some margin to maintain its good level of stock turn.
“The last thing I’m worried about is Brexit.” Vertu Motors CEO Robert Forrester talks about the EU referendum and the group's latest financial results.
Cumbrian dealer Lloyd Group achieved record turnover and profit in 2015, with the latter up 28%.
Rybrook Holdings experienced a slight fall in profits last year.
Cambria has hinted towards a strong financial results announcement on November 22 with a report that its trading has been “substantially ahead” of its prior year.
Vantage Motor Group has seen its turnover rise above £200m for the first time as the business added five new sites 2015.
Lookers has announced turnover up by 33% to £2.34bn in a positive set of results for H1 2016 as it targets growth through targeted acquisition activities in the remainder of the year.
Toyota looks set to relinquish its status as the world’s largest car manufacturer to Volkswagen after the strength of the Yen put the squeeze on profits.
Motor finance specialist Moneyway has seen its lending balances rise by 35% in the last 12 months, according its latest financial results.
Ford factory closures and price hikes are “on the table” as the manufacturer looks to cut costs amid fears that Brexit could cost the brand over £800 million over the next two years.
The Volkswagen Group’s latest financial results have revealed that the VW brand bore the brunt of the negative effects of dieselgate in H1 of 2016.
Volvo Cars has more than tripled its operating income to £489 million as global sales rose by 10.5% year-on-year during the first six months of 2016.
