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.
Inchcape has recorded strong revenue growth in Q3 2022 and it expects to meet or exceed its profit guidance for the full year, it said in a stock market update for the three months to September 30.
AM100 group Pendragon said gross profit for the three months to September 30 was maintained at the “exceptional level” seen last year as it outperformed the overall UK new car market.
Marshall Motor Holdings has reported 74.6% turnover growth and a 354.4% rise in pre-tax profit in its first financial results since the acquisition of Motorline and privatisation by new owner Constellation Automotive.
Used car supermarket chain Motorpoint has reported a 30% annual rise in half year revenues to £785 million thanks to a richer mix of bigger ticket vehicles and price inflation.
Vertu Motors chief executive Robert Forrester has said that the car retail giant could grow “anywhere at any time” after revealing H1 results which suggest it is scaling the AM100 rankings.
Day’s Motor Group chairman Graham Day has praised the businesses “dedicated staff” after it recorded a 210% increase in pre-tax profits during a COVID-impacted 2021 financial year.
Riverside Motor Group’s acquisition of Harratts’ Honda dealership in Wakefield helped it to a 24% increase in turnover in its 2021 annual financial results.
The Available Car used car supermarket group has warned of “significant challenges ahead” despite delivering a 72% rise in pre-tax profit and 29.8% uplift in turnover in 2021.
Pendragon chief executive Bill Berman has spoken to the car retail PLC’s “continued momentum” after delivering an “encouraging” set of financial results for the first half of 2022.
High-performance electric vehicle (EV) brand Polestar has grown its revenues 95% and registrations by 123% during the first half of 2022 – and has yet to expand its one-model car range.
Lookers has posted a better than expected first half of the year performance with underlying profit before tax reaching £47.2 million.
Devon-based AM100 group Vospers grew its return on sales to 2.9% during 2021 and has carried strong profitability through to at least May this year.
Toyota suffered a slip in profits as manufacturing and supply chain headaches constrained production and pushed up costs in its first fiscal quarter.
Sytner and CarShop owner Penske Automotive has reported a record quarter performance after delivering and 8% increase in pre-tax profits to $500 million (£412m).
Pendragon chief executive Bill Berman has said that an anticipated £33 million underlying first-half pre-tax profit will give the car retail PLC “good momentum” for H2 2022.
TG Holdcroft has reported a £100 million increase in turnover during 2021 after growing its portfolio with new Alpine, Dacia, MG and Renault car dealerships.
Used car dealer group Motorpoint has more than doubled its profits year-on-year, bringing them back to levels last seen before the pandemic.
Pendragon’s leadership team could be set to face another shareholder revolt over “inappropriate” financial bonuses – a year after their last showdown with investors.
