Tag Archives: Motorpoint

“New Reg Day” has lost its appeal for car buyers, new research commissioned by Motorpoint suggests. The study for Motorpoint shows that 4.9% of potential car buyers are bothered about the digits on their number plate. The poll of 1,000 people, conducted by SurveyGoo, found most considered a wide range of other factors much more important when deciding on their ...

Motorpoint is to open a new store in Coventry this autumn on a site formerly occupied by Brandish Vauxhall. Located next to the Gallagher Retail Park off the A444 Jimmy Hill Way, the store will be the 18th in Motorpoint’s growing network. It will strengthen its position in the Midlands where it also has stores in Birmingham, Oldbury and Derby. ...

Mark Carpenter, Motorpoint CEO has said that the used car supermarket has seen “real year-on-year growth in June and July despite the market as a whole declining.” He also said the company will be opening new outlets in Coventry and Edinburgh in Q3. SMMT data shows that used car registrations declined 18.8% overall in the second quarter of the year. ...

Motorpoint has issued a trading update at its Annual General Meeting, reporting revenue in Q1 FY23 was c.£402m, up c.30% on Q1 FY22, with this strong growth supported by vehicle price inflation. It said that volumes in April and May 2022 were down against the previous year, but returned to positive year on year volume growth in June 2022, and ...

Motorpoint has become an official club partner of Peterborough Football Club The supermarket group recently announced that it will open the doors to its new Edinburgh store in September 2022. Up to 30 new jobs are being created. It recently reported pre-tax profits up 122 % to £21.5m on turnover up 83.3% to £1,3bn. Motorpoint events, sponsorship and charity manager, ...

Motorpoint has capped finance interest rates at 8.9% APR in a bid to help its customers through the pain of the cost-of-living crisis. CEO Mark Carpenter committed the business to the rate for at least the next three months as UK inflation continues to soar and a further slump in new car sales looks set to drive car prices even ...

Motorpoint will open the doors to its new Edinburgh store in September 2022. Up to 30 new jobs are being created. Located at Motorpoint’s new store at 25 Baileyfield Road, the new roles will include positions in Sales, Service, Administration and Vehicle Preparation. Richard Start, Regional Retail Director at Motorpoint Edinburgh said: “We are excited about the opening of our ...

Motorpoint Group has reported that profit before taxation increased 121.6% to £21.5m to 31 March 2022 (FY21: £9.7m), with revenue increasing 83.3% to £1,322.3m (FY21: £721.4m), due to a combination of market share growth and vehicle price inflation. The Group grew its footprint in 2021 with three new market area locations opened in strategically significant regions (Manchester, Maidstone and Portsmouth), ...

Motorpoint took the Number 1 slot in the Best Companies employee engagement league. Best Companies uses data and insights to help achieve positive change within the workplace. The Best Companies Automotive League Table represents organisations with over twenty-five full-time employees in the UK Automotive sector. It is the second time Motorpoint has topped the Best Companies to Work For Automotive ...

Motorpoint has officially opened the doors to its new Portsmouth store following a ceremony undertaken by Portsmouth’s Lord Mayor and Lady Mayoress. Motorpoint has been expanding. In April it raised £5m from the sale and leaseback of its freehold branch in Stockton on Tees to reinvest in the group. Earlier in the month it opened its 16th store, in Maidstone. ...