Arnold Clark’s pre-tax profit increased by 6.5% as group turnover rose by 7.8% during 2018 after growth in used car sales volumes helped to counteract the effects of a decline car retail market.
Richard Hardie Group has said that “subdued retail confidence”, traffic disruption and the FCA Group's poor 2018 sales performance were to blame for a second consecutive year of pre-tax losses.
Carwow has reported a £15.9m pre-tax loss for 2018 less than a week after it called for investment from car retail partners as part of a new crowdfunding initiative.
Peter Vardy has revealed that it expects to complete 50% of its car sales online by 2023 after crediting a focus on used car sales and aftersales for profit growth in its 2018 financial results.
Hatfields Group has published details of record profitability in a set of 2018 annual financial results which revealed a 7% increase in turnover and 17% growth in profit before tax.
Ford franchisee Pertwee & Back has suffered a 43.4% decline in turnover as it slipped into loss following a decision to improve profitability by placing a “greater emphasis on higher margin retail sales”.
The Volkswagen Group has delivered revenue and profit growth in H1 2019 with strong results for Porsche, its new SUV models and Bentley’s return to profit all boosting its performance.
Motorpoint Group has predicted reduced half-year profits ahead of its annual general meeting this morning.
Border Cars has contacted its 200 employees to warn them that the business faces an uncertain future amid “financial difficulty”.
HR Owen’s annual financial results for 2018/19 have revealed that the London-based supercar and luxury car retailer has delivered a four-fold increase in pre-tax profits in the three years since its acquisition by the Malaysian Berjaya Group.
Pendragon needs to refocus its Car Store used car supermarket strategy as it seeks out “self-help opportunities” in light of an operational business review which predicted that the group would make a significant loss in H1, 2019.
Cartime is targeting a £100 million turnover by 2021 after celebrating a set of annual financial results which revealed a 28.7% rise in revenues and 27% increase in pre-tax profits in 2018.
Motorpoint delivered 6.8% turnover growth and 10% growth in profit before taxation and exceptional items in its 2018 annual financial results.
Auto Trader’s annual turnover rose 8% to £355.1 million in 2018 as its grew its average profit per retailer forecourt by 9% to £1,844.
Fast-expanding Motordepot has revealed a 35% increase in turnover and 16% growth in pre-tax profits in a financial period which saw the independent retailer open three used car supermarkets.
Caffyns has blamed a 3.1% decline in turnover in its 2018 financial results on WLTP’s impact on the supply of vehicles from certain car manufacturer brands - with Audi “significantly constrained” by the new regime.
Lookers has reported growing turnover and profitability across new and used car sales and its aftersales operations in a trading update announced at its AGM today.
Jaguar Land Rover (JLR) posted a £358 million loss in its latest set of annual financial results – despite returning to profitability in Q4.
JCT600 is celebrating a record set of annual financial results for 2018 after the car retail group’s turnover rose 2% to £1.28 billion and profits held flat in what was described as a “challenging year”.
Cambria Automobiles has opened the doors to its new Aston Martin dealership in Hatfield to complete its relocation from a temporary showroom at Welwyn.
