Donnelly Group has revealed a £2.66m pre-tax loss in its annual accounts for 2019 but stated that a rationalisation review of the car retail business had now liberated £8m in annual savings.
Caffyns recovered profitability this year despite its car showrooms being closed for 10 weeks. Underlying pre-tax profits have rocketed up by 830% year-on-year to £1.5 million.
Revenues dropped 20% in Cambria Automobiles’ latest financial year as the AM100 motor retailer endured “the most challenging period in its history” due to the COVID pandemic.
Auto Trader has reported a 37% decline in revenue and 48% dip in operating profit in a COVID-19 half-year trading update.
Clarks of Kidderminster has growth its turnover to over £100 million after growing its car retail portfolio with the addition of Citroen, Ford, Mazda and MG franchised sites in 2019.
Expansion of its used car supermarkets has helped Arnold Clark Automobiles drive profits and revenues up.
Pendragon has said that it “almost entirely” offset its losses from a COVID-19 impacted first half of the year with an eight-fold increase in underlying pre-tax profits in Q3.
Peoples Ford chairman Brian Gilda has said that he is “delighted” with the outcome of a 2019/2020 annual results period which included the took the full impact of COVID-19 lockdown.
When Snows Motor Group completed a restructure of its leadership team at the turn of the year its new leaders had no idea they would soon be called upon to fast-track a transformation of the business.
Citygate Automotive has completed the acquisition of Lookers’ West London Škoda dealership for an undisclosed sum.
Sytner Group has reported a 1% decline in revenues and 36.6% decline in pre-tax profits in its 2019 annual financial results.
Marshall Motor Holdings has reforecast its 2020 performance expectations after a “stunning” September of new and used cars sales – targeting a £15m underlying profit before tax.
Eastern Western Motor Company parent company Easter Holdings has reported a 10.1% increase in turnover and pre-tax profits up 15.1% in the car retail group’s 2019 annual financial results.
Motorpoint chief executive Mark Carpenter has said that the car supermarket group’s board “continues to look to the future with confidence” after a June return to profitability.
Vertu Motors’ COVID-19 recovery accelerated the AM100 PLC to a £19 million profit in Q2 to reverse a £14.3m Q1 loss and deliver a profit in a challenging period for automotive retail.
Shelbourne Motors has marked the first anniversary of the opening of its £5 million multi-brand car dealership in Newry with a 20.5% increase in pre-tax profits in its 2019 annual financial results.
Listers Group has revealed a 41.3% decline in profit before tax as turnover declined by 1.9% in its annual financial results report for 2019.
The financial blow dealt by COVID-19 coronavirus lockdown contributed to a £31 million underlying loss before tax at Pendragon, the AM100 group has reported in interim results published today.
COVID-19 and the EU’s new RDE CO2 emission regulations were cited as the “key events” which resulted in a 5.4% decline in revenues in the car retail group’s 2020 annual financial results.
Motorpoint has completed almost 2,000 home delivery orders two months since beginning the service, and is set to expand to 15 sites with Glasgow and Stockton showrooms
