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.
Group 1 UK chief executive Earl J Hesterberg expressed hopes that strong car retail margins would persist for some time to come after recording increased profit and turnover in Q3 2021.
Vertu Motors chief executive Robert Forrester has told AM that he is “buying used cars everywhere I go” as part of the AM100 PLC’s efforts to keep its forecourts stocked.
Vertu Motors has highlighted further growth potential through an “increasingly visible acquisition pipeline” after delivering a record £51.8 million adjusted pre-tax profit in H1 2021.
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.
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.
Inchcape UK has revealed that it claimed no Government COVID-19 support in 2021 after taking the decision to repay £7.4 million in Government furlough and rates relief support for H2 2020.
Pendragon has posted a pre-tax profit of £35.1 million for the first half of 2021, compared with a loss of £31m over the same period last year.
Lookers chief executive Mark Raban has said that the AM100 PLC’s ability to repay its furlough support grants to the Government has made him “very happy”.
Lookers has vowed to repay £4.1 million in Government furlough support after reporting record H1 financial results and completing the appointment of a new chairman and chief financial officer.
Investors clamouring for a trading update from Cambria Automobiles before they vote on its chief executive's bid to take the dealer group private have had their wish Friday afternoon.
Pre-tax profits rose at Furrows Holdings by 36% in 2020 to £1.5 million, although revenues slumped from £110.3m to £84.2m.
Marshall Motor Group chief executive Daksh Gupta has insisted that the AM100 PLC will not be “splashing the cash like Manchester City” after record H1 financial results left it with a strong balance sheet.
Marshall Motor Group has resumed the payment of dividends to its shareholders after delivering record revenues in a COVID-19 impacted first half of 2021.
Marshall Motor Holdings has upgraded June’s forecast of record profits for 2021 in a trading update predicting an underlying pre-tax profit of “not less than £40 million” for the year.
Cazoo has reported an £8 million gross profit in Q2 after its online used car retail volumes surged by 429% a year on from the first COVID-19 lockdown period.
Stellantis has reported an “outstanding” 9.5ppt year-on-year improvement in operating income margin, to 11.4%, in the first half of 2021.
Group 1 Automotive president and chief executive Earl J. Hesterberg has predicted the release of “several years” pent-up demand in the UK car retail sector.
Inchcape PLC has reported a 30% rise in turnover and a near 15-fold increase in its pre-tax profits as showed strong signs of recovery from the COVID-19 pandemic in the first half of 2021.
