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.
Perrys managed to finish the year on a high note, demonstrating resilience amid a fluctuating market and rising financing costs.
Vertu Motors has reported strong performance in its used car and aftersales segments, despite the new retail vehicle market faces significant challenges.
Lex Autolease has reported a staggering drop in pre-tax profits of over £400 million, according to newly-filed accounts.
Family-owned car dealership network Holdcroft Motor Group, saw turnover surpassing the £750m mark in spite of facing substantial challenges that impacted overall profitability.
Family-owned John Clark Motor Group (JCMG) has topped £1 billion turnover milestone in its latest figures for 2023 with net profits placing it in the upper quartile for return on sales.
As Inchcape awaits the completion of its Inchcape Retail UK dealer group sale to Group 1 Automotive UK for £346 million, it has revealed a half-year financial performance showing growth in its overseas vehicle distribution and wholesale business.
Vertu Motors' latest first-quarter figures reflected a period of robust growth and strategic progress, boding well for the remainder of the financial year despite the potential impact of zero emissions targets.
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.
The AM100 car dealer group Caffyns has posted a £4.5 million swing into losses despite being able to increase its sales of new and used cars in 2023.
Auto Trader has strengthened its competitive position significantly, achieving a tenfold advantage over its nearest competitor
Cost-cutting aimed at saving £10 million annually from Group 1 Automotive's UK operation are continuing to play out through the second quarter of this year to deliver benefits to the bottom line.
OEMs and franchised dealers face a daunting task to deliver sales mix and volume expectations in the new car market as many private buyers find young used cars much more attractive thanks to recent price drops, according to Vertu Motors, one of the biggest motor retailers in the AM100.
Carmaker Renault is targeting an ambitious programme of cost reductions despite having boosted profits as it braces for a challenging 2024
Manufacturing giant Stellantis remains committed to achieving double-digit operating profit margins this year
Volvo Cars reports that its gross profit margins on its electric cars increased fourfold during the second half of 2023, contributing to a record trading year for the company.
The UK’s largest independent vehicle retailer Motorpoint Group expects 2024 profits to fall up to £6 million short following a significant drop in used prices.
Profits dropped significantly last year at the UK’s largest fleet owner – Motability Operations Group – in line with tumbling used car prices.
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.
Motorpoint has been cutting jobs, reducing stock purchase costs and halting its expansion plans as it fights to stem financial losses which the national car supermarket chain blames on difficult macroeconomic conditions.
