Independent retailer Motorpoint plans to open its 21st retail store in Norwich by the end of the year, furthering the brand’s expansion in East Anglia.
Motorpoint has returned to profitability on the back of a 17% increase in sales volumes and a 'back to basics' approach to operational excellence.
Motorpoint’s faith in the future is being rewarded after a difficult 2023, reporting strong retail first-quarter sales growth.
Used car supermarket Motorpoint saw pre-tax losses grow to £10.4 million from £300,000 last time, with sales slumping by a quarter to £1.09 billion.
Motorpoint Group has seen an improvement in performance for Q4 2023 and in Q1 following what it described as "difficult conditions" last year.
The UK’s largest independent vehicle retailer Motorpoint Group expects 2024 profits to fall up to £6 million short following a significant drop in used prices.
Motorpoint insists its strategic adjustments and resilient business model will help it navigate the challenges faced by all retailers in the used car market
Motorpoint has been cutting jobs, reducing stock purchase costs and halting its expansion plans as it fights to stem financial losses which the national car supermarket chain blames on difficult macroeconomic conditions.
Car supermarket chain Motorpoint suffered a swing from £21.5m profits in its 2022 financial year to a £300,000 loss in its 2023 financial year, as it was hit by rising financing costs, stock shortages, depreciating electric vehicles and rising investment requirements.
The Motorpoint used car supermarket group has revealed record revenues totalling £1.44 billion from its 2022 financial year in a trading update published this morning (April 6).
Motorpoint has started a recruitment drive to attract staff for its 20th used car retail site, which is set to open in Ipswich in May.
Motorpoint has strengthened its senior leadership team with the appointment of Kal Singh, a former executive of the Dreams retailer, as its new chief operating officer.
Former Motorpoint operations director Paul Winfield has died, aged 68, prompting a flurry of tributes to an “inspirational” and “lovely human”.
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.
Motorpoint stock and purchasing director Dean Walker tells AM how new car production and inflation are adding pressure to his role at the used car supermarket PLC in the latest '8 Questions to...' Q&A.
An outraged Motorpoint customer has told The Sun newspaper how her daughter’s Ford Fiesta was driven 22 miles during a service appointment with Motorpoint.
Owners of cars that are at least 10 years old are less likely to swap them for newer models during the cost-of-living crisis, according to a Motorpoint survey.
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.
Motorpoint officially opens the doors to its new used car supermarket site in Edinburgh today (September 30) – its 18th retail location in a growing network.
Motorpoint chief executive Mark Carpenter is rooting for a strong September of new car registrations to get supplies flowing and ease an “overheated” used car sector.
