Auto Trader saw its pre-tax profits drop by 2% to £293.6m for its full year results, but posted an increase in revenues and operating profits across the core business.
Auto Trader has posted a 121% increase in operating profit to £151.7 million for the half year ended September 30.
Auto Trader will renew its offer of free classified advertising for car retailers as part of new support measures announced amid new COVID-19 lockdown restrictions in England and Wales.
Auto Trader has confirmed it will continue to make its advertising packages free for dealers following the three week extension to the coronavirus lockdown into May.
The lack of pricing transparency has led to used car dealers being distrusted by more than 90% of buyers.
The increasing number of sources and amount of information available to consumers is putting many off from buying a car.
