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.
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.
Vertu Motors’ chairman Peter Jones described the AM100 franchised car retail group's 2018 financial performance as “a credible result” despite a 16.8% decline in profit before tax.
Pendragon’s new leadership team is conducting review of the car retail group’s operational and financial prospects as an interim management statement revealed Q1 pre-taxes losses which were ‘lower than expected’.
Motorpoint Group has said that it expects to report a 6% increase in revenues and a 10% increase in underlying profit before tax in its forthcoming annual financial results to March 31, 2019.
The Trade Centre Group has published a record set of annual results detailing a 44% rise in turnover to over £250m and record profits during a year of expansion in 2018.
Pendragon’s profit before tax total slipped to a £44.4m loss in 2018 as revenues declined by 2.4% to £4.63bn in its annual results to December 31, 2018.
Vertu Motors chief executive Robert Forrester has said that the group is “well positioned to take full advantage of tougher markets” in a trading update for the AM100 car retail group.
Inchcape’s growing profitability from global vehicle distribution were offset by a challenging retail sector during 2018 – with revenues up 3.6% but underlying profit before tax down by 6.5%.
PSA Group’s first full year results since its acquisition of Opel Vauxhall show a €1.7 billion (£1.46bn) increase in recurring operating profit.
Stoneacre Motor Group has reported turnover growth of 9% and profit before tax up 34% in its financial results for 2018.
Arnold Clark has completed the acquisition of Phoenix Car Company, with the transfer of assets and staff from the Paisley-based car retailer to take place on January 31.
