Carwow has made significant strides toward profitability and expansion, trimming losses to £16.2 million on the back of increased £54.8m revenues.
The restructuring agreement announced by online car dealer Cazoo this week to “deleverage” its capital structure and further improve its “financial flexibility” won't yet smooth its investors' journey, and stakeholders should "buckle up" according to one expert.
Vertu Motors has increased its forecast profit before tax for the current trading year by another £5 million and reports October and November's profitability was ahead of plan.
As England enters its third coronavirus-supressing lockdown the Chancellor of the Exchequer has announced new one-off grants of up to £9,000 to help keep closed retailers afloat.
Inchcape says it is on track to meet full year profit expectations following “significant strategic progress” to sell off dealerships.
Motorpoint has achieved little growth from its half-year trading period, the independent car supermarket group reports.
Pre-tax profits dropped by a third at AM100 dealer group Vospers despite growing 2018 revenues by 5%.
Profits have risen at AM100 dealer group Caffyns following growth in used cars and aftersales.
Sytner Group has reported a rise in sales revenue and pre-tax profit from its trading to October 1.
Pre-tax profits rocketed 71% at used car supermarket group Motorpoint as it ramped up sales and won record levels of repeat business.
First quarter profitability has slumped "in line with expectations", said Pendragon in a trading update, as its new and used car revenues have declined.
Pendragon has reported “a strong start” to 2017, with growth in aftersales and used.
Almost two thirds of Auto Trader’s £153.9m half-year revenues have been turned into profit.
Uncertainty around the result of the EU referendum has led car supermarket group Motorpoint to sacrifice some margin to maintain its good level of stock turn.
“The last thing I’m worried about is Brexit.” Vertu Motors CEO Robert Forrester talks about the EU referendum and the group's latest financial results.
Cambria has hinted towards a strong financial results announcement on November 22 with a report that its trading has been “substantially ahead” of its prior year.
Inchcape has revealed in its latest trading update for Q3 that its UK business showed “robust revenue growth” as the group benefited a strong UK new car market.
Vertu Motors has reported half-year record profit before tax of £16.4 million, up 28.1%, as the car dealer group also grew revenues by 14% to £1.236 billion.
Lifestyle Europe has reported a 20% rise in pre-tax profits in its last financial year.
The AA has reported a year-on-year fall in turnover and profits as it continues with its ‘transformation’ plan.
