Tag Archives: Mark Carpenter

Used car supermarket Motorpoint Group returned to profitability in the first half. In a trading update it said H1 pre-tax profits are expected to be £2m region, in sharp contrast to the -£3.7m loss last time. The supermarket saw retail volume growth of 17% in H1 and was seeing strong momentum going into H2 with its 21st store set to ...

Motorpoint Group has put its expansion roll-out programme on hold with a new focus on cash conservation, increasing margins and lowering its cost base. The group today announced losses of £300,000 in the year to March 2023 compared to the £21.5m generated the prior year on turnover up 8.9% to a record £1.4bn. Gross profit fell -19.4% to £85.7m. The ...