Cambria Automobiles has seen a 17.3% rise in turnover and 53.2% rise in profit before tax to record revenues despite a “clear softening” of the retail market in Q2 and Q3, the group has reported.
Motorpoint has revealed revenue increased by 11.5% to £408.9m but operating profit before exceptional items down 32% to £7m in its half-year financial report.
AM100 dealer group Peoples has reported record record profits, turnover and year-on-year sales for the fifth year in a row in its annual results to the year ended July 31st.
Vantage Motor Group has seen its turnover rise above £200m for the first time as the business added five new sites 2015.
Lookers has announced turnover up by 33% to £2.34bn in a positive set of results for H1 2016 as it targets growth through targeted acquisition activities in the remainder of the year.
Toyota looks set to relinquish its status as the world’s largest car manufacturer to Volkswagen after the strength of the Yen put the squeeze on profits.
Motor finance specialist Moneyway has seen its lending balances rise by 35% in the last 12 months, according its latest financial results.
Ford factory closures and price hikes are “on the table” as the manufacturer looks to cut costs amid fears that Brexit could cost the brand over £800 million over the next two years.
The Volkswagen Group’s latest financial results have revealed that the VW brand bore the brunt of the negative effects of dieselgate in H1 of 2016.
Volvo Cars has more than tripled its operating income to £489 million as global sales rose by 10.5% year-on-year during the first six months of 2016.
Peter Vardy Group has seen operating profits rise by 56% in a year which set out to improve manufacturing relationships, digital opportunities and its ability to be “the best place to work or buy”.
Benfield has seen its turnover rise to £547 million and profits almost treble in the year it was acquired by Lookers in an £87 million deal.
Aston Martin’s investment is a new range of luxury vehicles deepened the iconic brand’s balance sheet woes in 2015, with pre-tax losses having risen from £71.9 million to £128 million.
BCA Marketplace has announced its maiden financial results showing the volume of vehicles sold in its UK remarketing operation rose 7.9% in the year to April 3.
Auto Trader’s annual financial results have revealed turnover of £281.6 million during the year to May 27 – up 10% year-on-year.
Growth in new and used car sales has boosted Caffyns’ revenues by 10.6% to £232.5m.
JCT600's annual turnover broke the billion pound mark once again as sales rose by 12% to £1.145bn for the year ended December 31st in the business’s 70th year, it has reported.
Vertu Motors are focussing on “controlling the controllables” as they reap the fruits of their labour in aftersales and a growing market to record a £2.4bn turnover for the year ended February 29.
Cambria Automobiles chief executive Mark Lavery has told AM that a data-driven approach to used car retailing which delivered 148% return on investment has underpinned his business’ success.
A strategy to optimise used car sales is helping drive results at Cambria Automobiles, which reported sales passing half a billion pounds and a jump in profit.
