Leeds-based AMT Auto has acquired independent prestige car dealer Redline Specialist Cars in a move that significantly expands its footprint across the UK automotive market.
Used car supermarket Motorpoint saw pre-tax losses grow to £10.4 million from £300,000 last time, with sales slumping by a quarter to £1.09 billion.
After some consolidation or break-ups of a few major groups, the AM100 also has four new entrants this time. See the report for details.
Car supermarket chain Motorpoint suffered a swing from £21.5m profits in its 2022 financial year to a £300,000 loss in its 2023 financial year, as it was hit by rising financing costs, stock shortages, depreciating electric vehicles and rising investment requirements.
