Perrys Group has recorded its sixth year of rising revenues in its financial results for 2016 – with revenues up 5.4% to £661.4m.
AA executive chairman Bob Mackenzie has been fired for "gross misconduct” amid falling share prices at the roadside assistance and vehicle warranty specialist.
Pendragon chief executive Trevor Finn has reiterated the group’s intention to double used car revenue by 2021 after its H1 financial results revealed a 5.8% fall in new car sales revenues.
Inchcape has reported that its UK trading profit was “broadly flat” as its global distribution operation helped the business bolstered revenue growth in the first half of 2017.
A loss of £17,000 was experienced by the average UK motor retailer in May – a result £7,000 down year-on-year.
East Anglian dealer group John Grose has hailed "outstanding financial results" as its annual results recorded turnover growth of over 12%.
JCT600 has recorded revenues up 7% to £1.222 billion amid challenging market conditions which prompted a £2.8 million fall in operating profit.
Lookers has reported 30% growth in used car turnover during a “buoyant” Q1 which saw retail volumes and rising profit across the board.
Vertu Motors Group records ‘record performance’ in annual results.
Car supermarket chain Motorpoint Group reports its work to shore up gross profit per unit has progressed, with margins normalised over the past six months.
Mill Garages North East Ltd has seen an eleven 11% rise in turnover in a year that saw it commit wholly to sales from its string of Volvo franchises.
Mitchell Group looked to praise its loyal staff and "market-leading" return on sales after recording a 10.8% rise in its annual turnover to £51.3 million.
Marshall Motor Holdings has secured its position as the UK’s seventh largest car retail group with annual accounts which show a 54.1% rise in revenues and a 60.4% rise in profit before tax.
Lookers boosted its revenues by 17% to £4.3 billion in 2016, with much of its growth coming from increased sales at its existing businesses.
Pentagon Group have “room for improvement” despite reporting profit before tax of just over £4 million on turnover of £472m, according to group chairman Trevor Reeve.
Vertu Motors has said that it has “considerable firepower for growth” heading into a new year which presents the threat of lower new car volumes and rising operating costs.
Pendragon has set out a plan to double its used car revenues in 2017 after new car turnover declined 1.4% in 2016 – despite a 1.9% overall rise in revenue to £4.54 billion.
Labour strikes and declining demand in emerging markets has been blamed for a 30 per cent drop in net profit for Hyundai Motor in the fourth quarter of 2016.
Clive Brook Volvo Ltd is celebrating its most profitable year-to-date after achieving a £40 million turnover in its ninth year of trading.
Cambria Automobiles plc has “maintained its momentum” following a strong showing in the last financial year, according to a statement issued ahead of the group’s AGM.
