Auto Trader reports 14% operating profit growth to £188 million in half year

Online platform Auto Trader has posted strong revenue and profit growth within its core business in its latest financial first-half results for the six months ending 30 September.

Group revenue rose by 8% to £302.5 million, with core business revenue increasing by 9% to £283.5m, supported by continued growth in retailer revenue and an unexpected rise in activity on retailer forecourts.

Autorama, Auto Trader's online vehicle leasing segment, reported revenue of £19m as it focused on scaling for profitability in a low-transaction-volume market.