Tag Archives: Motorpoint

Used car supermarket Motorpoint said it was “cautiously optimistic” about the used car market despite uncertainties in the wider economy. It expects full year turnover to rise by 18% and underlying pre-tax profits will be at the upper end of market expectations. Its most recent openings in Castleford, Oldbury and Sheffield are performing in line with expectations. The company has ...

Motor Trader Top 10 dealer groups TrustFord and Lookers have featured prominently in the Sunday Times Best Companies to Work For 2018 listings. TrustFord was the highest rated car retailer in the 25 Best Big Companies (over 3,000 employees) listing in 20th place, up two places on last year. The factory-owned, Colchester-based business has 3,039 employees and is rated 10 ...

Each month Motor Trader posts a story on the fastest selling used cars online and it quickly becomes one of the most viewed items. Not surprising, really. Dealers want to know what cars sell fast and increasingly they are using digital tools to buy and sell at the right price. The tools are no panacea but they do help dealers. ...

Motorpoint Group, the national car supermarket chain, has posted interim results showing significant rises in turnover for the six months to 30 September 2017. The listed business, rated number one in the Motor Trader Top 50 Independent Dealers, saw revenue increase 18% to £483.2m (2016: £408.9m) and profit before taxation and exceptional items up 64% to £10.5m (2016: £6.4m). Motorpoint, ...

Motorpoint is expecting to report underlying pre-tax profits of £10.5m the half year to 30 September on revenues up 18%. In a trading statement it said the increased sales would come from sites open longer than one year and from recent site openings. It said two sites Castleford and Oldbury reached their first anniversary in the period and are both ...

Motorpoint generated profits before tax and exceptional items of £15.7m in the year to 31 March, down 13.7% on the previous year on turnover up 12.7% to £822m. The exceptional cost of £4m was associated with its listing on the London Stock exchange in May last year. The group now has outlets in Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, ...

Motorpoint issued a trading statement this morning saying it was trading at the upper end of current expectations. The group is expecting profits to be at the upper end of the range currently forecast £14.6m to £15.5m on turnover up 12.5% to £820m for the year to 31 March, 2017. It said the final quarter of the group’s financial year ...

Motorpoint turned in “disappointing” performance for the half year to 30 September with pre-tax profits after exceptional items falling 77% to £2.4m on turnover up 11.5% to £408.9m. Costs relating to its listing on the London Stock Exchange in May were £4m. Chief executive Mark Carpenter said fears over the European Referendum had led to the result. The company, the ...

On this Saturday’s episode of MotorTradeRadio.com, Philip Nothard is joined by Curtis Hutchinson, Editor of MotorTrader.com, to discuss market trends. Self-registrations have fuelled the European Union new car market in September to record levels, and growth of 8% in the first nine months of 2016. Plus, MotoNovo Finance is launching a used car website to boost used car finance business ...

Motorpoint is expecting revenues to grow 11% in the six months to 30 September 2016 but said uncertainty over the EU Referendum will dent margins and sales volumes. The used car supermarket, which floated on the London market in May this year, said it expected a stronger second half with new sites set to deliver a “solid” performance. “Because of ...