financials
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Car Dealer News 9 DecVertu upgrades profit expectations, reports enhanced margins
Vertu Motors has increased its forecast profit before tax for the current trading year by another £5 million and reports October and November's profitability was ahead of plan.
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Car Dealer News 5 JanNew COVID grants announced for closed retailers
As England enters its third coronavirus-supressing lockdown the Chancellor of the Exchequer has announced new one-off grants of up to £9,000 to help keep closed retailers afloat.
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Car Dealer News 8 NovDealership sell-offs leave Inchcape happy with Q3 trading
Inchcape says it is on track to meet full year profit expectations following “significant strategic progress” to sell off dealerships.
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Car Dealer News 8 OctMotorpoint's growth falters while costs rise
Motorpoint has achieved little growth from its half-year trading period, the independent car supermarket group reports.
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Car Dealer News 2 OctVospers reports 2018 sales increase but drop in profits
Pre-tax profits dropped by a third at AM100 dealer group Vospers despite growing 2018 revenues by 5%.
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Car Dealer News 23 Nov
Caffyns battles WLTP lull but sees profits rise
Profits have risen at AM100 dealer group Caffyns following growth in used cars and aftersales.
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Car Dealer News 1 NovSytner grows sales and earnings despite industry's WLTP issues
Sytner Group has reported a rise in sales revenue and pre-tax profit from its trading to October 1.
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Latest News 12 JunProfits leap as Motorpoint ramps up used car sales
Pre-tax profits rocketed 71% at used car supermarket group Motorpoint as it ramped up sales and won record levels of repeat business.
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Car Dealer News 2 MayPendragon's Q1 underlying profits halved, as nearly new stock drops
First quarter profitability has slumped "in line with expectations", said Pendragon in a trading update, as its new and used car revenues have declined.
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Car Dealer News 27 Apr
Pendragon sales benefited from "strong start" in 2017
Pendragon has reported “a strong start” to 2017, with growth in aftersales and used.
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Supplier News 10 Nov
Price changes and cost reduction help Auto Trader on to £100m profit
Almost two thirds of Auto Trader’s £153.9m half-year revenues have been turned into profit.
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Latest News 19 Oct
Margins under pressure as Motorpoint shores up its stock turn post-EU referendum
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.
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Car Dealer News 12 OctVertu has no fear of Brexit as expects new and used car markets to remain strong
“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.
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Car Dealer News 5 Sep
Cambria ready to grow as Tim Duckers joins its board
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.
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Car Dealer News 22 Oct
Inchcape on track during Q3
Inchcape has revealed in its latest trading update for Q3 that its UK business showed “robust revenue growth” as the group benefited a strong UK new car market.
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Car Dealer News 14 OctVertu Motors reports record profits from half-year trading as it refines its brand portfolio
Vertu Motors has reported half-year record profit before tax of £16.4 million, up 28.1%, as the car dealer group also grew revenues by 14% to £1.236 billion.
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Car Dealer News 23 SepProfits up 20% at car dealer Lifestyle Europe
Lifestyle Europe has reported a 20% rise in pre-tax profits in its last financial year.
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Aftersales 22 Sep
AA reports drop in revenues but roadside assistance operation is growing
The AA has reported a year-on-year fall in turnover and profits as it continues with its ‘transformation’ plan.
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Car Dealer News 2 SepScottish car dealer group Peter Vardy reports huge uplift in H1 profits
Scottish-based car dealer group Peter Vardy has published its half-year trading performance showing a return on sales of 3.9%.
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Car Dealer News 1 SepVertu Motors' revenues rose by 5% in run up to August
Vertu Motors reports that overall revenues from the five months trading to July 31 are up 5%.
