Inchcape says it is on track to meet full year profit expectations following “significant strategic progress” to sell off dealerships.
Motorpoint has achieved little growth from its half-year trading period, the independent car supermarket group reports.
Pre-tax profits dropped by a third at AM100 dealer group Vospers despite growing 2018 revenues by 5%.
Profits have risen at AM100 dealer group Caffyns following growth in used cars and aftersales.
Sytner Group has reported a rise in sales revenue and pre-tax profit from its trading to October 1.
Pre-tax profits rocketed 71% at used car supermarket group Motorpoint as it ramped up sales and won record levels of repeat business.
First quarter profitability has slumped "in line with expectations", said Pendragon in a trading update, as its new and used car revenues have declined.
Pendragon has reported “a strong start” to 2017, with growth in aftersales and used.
Almost two thirds of Auto Trader’s £153.9m half-year revenues have been turned into profit.
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.
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.
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.
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.
Lifestyle Europe has reported a 20% rise in pre-tax profits in its last financial year.
The AA has reported a year-on-year fall in turnover and profits as it continues with its ‘transformation’ plan.
Scottish-based car dealer group Peter Vardy has published its half-year trading performance showing a return on sales of 3.9%.
Vertu Motors reports that overall revenues from the five months trading to July 31 are up 5%.
Pendragon has achieved a 17% rise in operating profit year-on-year in the first half of 2015, while revenues have grown by 10.7%.
Inchcape has reported a 10.5% rise in revenues from its UK dealerships in the first half of 2015.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues