Skoda is set to launch three new affordable electric vehicles (EV) and a new “design language” after delivering 878,200 vehicles delivered worldwide in 2021.
Pendragon chief executive Bill Berman has said he is “delighted” with the car retail group’s 2021 financial results, which revealed a record underlying profit before tax of £83 million.
Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.
Aston Martin has reported a 79% uplift in revenues and a near-halving of its pre-tax losses ahead of the arrival of the world’s most powerful SUV and a new V12 Vantage coupe to its model line-up.
Stellantis has revealed that it exceeded profitability targets in 2021 despite a 20% decline in new vehicle production triggered by the shortage of semiconductor microchips.
Group 1 Automotive has reported a 27.2% increase in revenues as gross profit rose 40.7% in its annual financial results for 2021.
Sytner Group and CarShop owner Penske Automotive has reported a 25% rise in revenues and 127% increase in pre-tax profits in its annual financial results for 2021.
Stoneacre Motor Group remains “well-positioned for continued expansion” after 2020/21 annual financial results detailed a near-170% rise in pre-tax profits.
Ron Brooks Group has celebrated record financial performance in 2021, with turnover up 15.3% and pre-tax profit surge of 67% ahead of its 60th anniversary year.
Lookers chief executive Mark Raban has revealed that car retail PLC expects to publish record annual profits after an “exceptional” 2021 trading performance.
Supercar and luxury vehicle retailer HR Owen has reported a seven-fold rise in pre-tax profits in its 2020/21 annual financial results.
Luscombe Motors managing director Robin Luscombe is living a car sales “dream” after record 2020 financial results were followed by the sale of 280 MG electric vehicles (EV) in a single week.
Inchcape Retail suffered a near tenfold year-on-year decline in profitability as it revealed a £76.4m pre-tax loss in annual financial results for its COVID-19 impacted 2020 trading period.
Peoples Ford chairman Brian Gilda has attributed a record set of annual financial results to a ‘tsunami of perfect performance’ following 2020’s first COVID-19 lockdown.
Harwoods Group has reported a £2.57m pre-tax profit for 2020 despite suffering a 41% decline due to the impact of the COVID-19 pandemic on the car retail sector.
Peter Vardy Group delivered a 47.8% increase in profit before tax in a COVID-19 impacted 2020, despite a group-wide focus on “giving back” during the financial period.
Eastern Western Motor Group has reported a near-33% rise in pre-tax profits in a set of 2020 annual financial results which lay bare the impact of the COVID-19 pandemic on its trading activity.
Sytner Group has revealed a 39.8% rise in pre-tax profits despite COVID-19 enforced showroom closures during its 2020 financial year.
Arnold Clark chief executive Eddie Hawthorne has praised the “passion and grit” of employees at Scottish car retail group after its 2020 annual financial results showed a pre-tax profit of £156.5 million.
Donnelly Group returned to profit in 2020 after delivering £7.2 million of annualised structural cost savings during the COVID-hit year in car retail.
