Tag Archives: Motorpoint

Motorpoint has appointed Kalwant Singh as its new chief operating officer. Singh has a strong retail background and joins Motorpoint from bed retailer Dreams, where he spent three years as COO, responsible for supply chain, manufacturing, health & safety and trading their Feather & Black brand. Prior to this, he held roles with Steinhoff International as managing director of Harveys furniture ...

Tributes have flooded in for former Motorpoint operations director Paul Winfield has died aged 68. He retired from the motor sector some years ago but was remembered by many who gave their tributes on Linked. Motorpoint CEO Mark Carpenter was one of those to extend commiserations to Paul Winfield’s wife and three children. “It is with great sadness that I ...

Motorpoint is aiming to help businesses make the transition to electric vehicles holding an event in Maidstone, Kent. The supermarket has teamed up with Maidstone Borough Council to stage an event aimed at supporting small businesses across Kent as they seek to make the transition to electric vehicles. The Driving Forward Sustainably event is taking place at Motorpoint’s Maidstone store ...

Motorpoint Group today published an update on its trading performance for the nine months ended 31 December 2022. The supermarket saw a 17% increase in revenues to £1,064m but warned that gross profit per unit had been hit by higher financing costs and falling value of electric vehicles. These factors are likely to impact sales for the “foreseeable future” it ...

Motorpoint has reported a profit before taxation decrease to £3.0m (H1 FY22: £13.5m) in the six months for 30 September. This, it said, reflects increased investment “relating to delivery of strategic objectives” (£3.5m) and to maintain its  price position, against record margins experienced in H1 FY22. However, revenue increased to a record £786.7m (H1 FY22: £605.2m), helped by market share ...

Over half of motorists with older cars are holding on to them for longer because of the cost-of-living crisis. New research from Motorpoint has revealed that for 57% of those with cars over 10 years old, worries over the current financial situation mean they will keep their car for longer. However, running an older car has in some cases caused ...

Motorpoint has officially opened its 19th UK store in Coventry. Located just off the A444 Jimmy Hill Way, Motorpoint Coventry was declared open by Cllr Kevin Maton, Lord Mayor of Coventry at the special store celebration event. Also, Motorpoint CEO Mark Carpenter and Chris Goodison, retail regional director for Motorpoint Coventry, presented a £1,000 donation to the store’s chosen charity ...

Motorpoint has posted a profit before taxation (“PBT”) of c.£3m for H1 FY23. This is significantly lower than H1 FY22 (£13.5m), but, Motorpoint said, reflects the increased strategic investment (c.£4m) and interest costs (c.£1m) in H1 FY23 and compares against record margins experienced in H1 FY22. The Group also achieved record revenue of c.£785m in H1 FY23, up c.30% (H1 ...

Motorpoint has opened its 18th UK store in Edinburgh. During half term, on Wednesday 19 October, the store will host a live ‘art’ performance by famous van grime artist Ruddy Muddy, as well as treating visitors to a taste of live Scottish Highland Dancing thanks to students from the Dunedin Dance Academy. Richard Start, regional retail director at Motorpoint Edinburgh, said: “We’ve ...

Used car sales are showing no signs of slowing down despite the deepening cost-of-living crisis. CEO of Motorpoint, Mark Carpenter said that he hopes this upward momentum continues into September as increasing new car registrations will ease overheating in the used and nearly-new car sectors and bring car prices down. He said: “It’s terrific to see there was a small ...