Stellantis chief executive Carlos Tavares is targeting a “transformative journey” towards electrification in the US after revealing record 2022 financial results for the car manufacturing giant.
Sytner Group and CarShop owner Penske Automotive has reported a record set of annual financial results in which revenues rose 9% and pre-tax profits swelled by 16%.
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
Stoneacre Motor Group’s profit before tax soared by 63% to deliver a record set of annual financial results for 2021/22.
Lookers will grant its top leadership trio £1.5 million in share options for the car retail group’s 2023 performance if the car retail PLC meets a series of three-year performance targets.
Lookers has raised its 2022 full-year profit expectations to over £80 million and revealed plans to add further to recent new car franchise additions Lotus Cars and Ora.
Car dealer group operation Inchcape Retail rebounded from £76.4 million pre-tax loss to deliver profitability in 2021 financial results.
Constellation Automotive’s cinch online used car retail operation has posted a £149 million pre-tax loss in annual financial results for 2021/22.
Hendy Group’s annual financial results for 2021 show that the car retail group delivered a 58.1% uplift in pre-tax profits and 27.2% turnover growth in a “turbulent” climate for car retail.
Hawkins Motor Group has a 46.6% increase in pre-tax profits after seeing demand for car purchases “skyrocket” in the post-COVID trading period.
Snows Motor Group is celebrating record financial results in its 60th anniversary year after more than doubling its return on sales and growing pre-tax profits by 183% in 2021.
Caffyns has cited stock shortages, economic uncertainty and energy concerns in a “cautious” trading outlook after a half-year trading statement revealed its profits had declined by a third.
Auto Trader Group chief executive Nathan Coe expects the automotive sector to “prove its resilience” once again after the online car retail marketplace reported a 2% decline in operating profit from H1 trading.
Pentagon Motor Group owner Motus Group UK grew its per-tax profits by over 60% in its 2021/22 financial year, despite a decline in turnover.
Luxury car retailer HR Owen has said the foundations for its future success are “firmly in place” after growing its revenues and profits while driving investment in property and business growth in 2021/22.
Chapelhouse Motor Group has grown its turnover by 27.2% and pre-tax profit by 50.5% in a year which saw the business ease the cost-of-living burden on staff and boost charitable giving.
Peoples is considering new car retail franchise partnerships after 24 years solely representing Ford, despite recording the best annual financial results in its 39-year history.
Scottish car retailer Easter Western Motor Group has reported a 102.5% uplift in pre-tax profits and 23% revenue growth in its annual financial results for 2021.
Data for Group 1 Automotive UK shows the steadily-growing AM100 dealer group is making great profits from its sales of new and used cars.
Cazoo, the online motor retailer, has reported UK revenues of £347m from Q3 trading, which is a 103% increase versus Q3 2021.
