Tag Archives: results

The main themes from Inchcape‘s interim results continued throughout its third quarter, including progress on the integration of Derco, improving car supply, and strong margins. Group revenue of £2.8bn in Q3 2023 represented a 35% increase from Q3 2022, aided by acquisitions but also strong organic growth of 10%. Distribution revenue (+47% reported) benefited from the inclusion of Derco. The ...

Independent Ford retailer Peoples has reported a significant rise in turnover and says financial performance across the business – particularly in aftersales – has “exceeded expectations”. Turnover increased to £306.8m (up 11.3% on the previous year). While the company posted a pre-tax profit of £7.67m, down slightly on last year’s record-breaking £8.48m, it celebrated a 2.5% return on sales, representing ...

BCA has revealed a pre-tax profit of £89.5m for the year ending 31 March 2019, an increase of 17.9% from £75.9m to 1 April 2018. In the past year BCA has sold over one million vehicles in UK Vehicle Remarketing for the second consecutive year, WeBuyAnyCar achieved a full year accelerated volume growth of 18.7% (2018: 12.9%), and the company ...

Motorpoint Group PLC posted a 10% increase in profit before taxation (PBT) for the year ending 31 March 2019. Announced in the Group’s final results, PBT was up from £20.8m in 2018 to £22.9m this year. The results highlighted a number of operational endeavours that have helped to increase profits, including the acquisition of the Group’s 13th retail site, which ...

The point of sale (POS) consumer car finance market grew 1% by volume and 4% by value in December 2018, compared with the same month in 2017. Figures released today by the Finance & Leasing Association (FLA) show a new business growth in December of 5% by volume and 9% by value compared with the same month in 2017. New ...

Kia UK dealers have seen an increase in demand for electric vehicles (EV) from fleet managers. In a recent Kia survey, 65% of those surveyed said their organisation’s fleet already includes both EVs and PHEVs, an increase of 27% from 2017. However, 39% said that they are too expensive, 31% think they don’t charge quickly enough and 23% think that ...

SEAT UK has posted a 31.4% growth compared its strong January 2018 performance, with 5,522 registrations and a market share of 3.4%. This result come despite a UK market that was down by 1.6% overall in January 2019. Richard Harrison, managing director of SEAT UK, said: “Seeing our market share surge from 2.6% in January 2018 to 3.4% is a ...

Perry Motor Sales turned in a strong performance in 2014 with pre-tax profits up 48.5% to £10.1m on turnover up 8% to a record £530.9m. New car sales grew by 8% for the period and used car unit sales grew by 3%. Overall the company saw record sales of 41,000 vehicles. Gross margins improved by 8% on new vehicles and ...

Cambria said its results for the year to 31 August 2015 would be ahead of revised market expectations. In a trading update it said business in the first 11 months of the financial year was “substantially ahead” on both a total and a like-for-like basis. New vehicle unit sales were up 9.1% (like-for-like up 1%), with unit sales to private ...

A series of acquisitions and newly opened businesses helped Vantage Motor Group increase pre-tax profits by 30.6% to £1.06m on turnover up 66% to £173.9m in the year to 31 December 2014. On a like for like basis turnover of sales from new cars increased by 8.5% and used cars by 19%. Like for like aftersales revenue fell 0.9% in ...