‘Watershed moment’: EV sales soar as oil price volatility drives away petrol car demand Motoring Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car supermarkets has said. London-listed Motorpoint, which has seen its shares jump on the back of bumper profits, [...]
Business leaders bemoan Budget uncertainty as tax hikes loom Business Business leaders up and down the country have poured scorn on the Chancellor after months of Budget uncertainty damaged consumer confidence and forced firms to hold off key investment decisions. Scores of chief executives, from retail to hospitality to telecoms and manufacturing, have voiced their concern over the lack of a clear fiscal plan after [...]
Motorpoint sold hundreds of cars using AI agent as profits jump Business Motorpoint has revealed it sold hundreds of cars using its new AI agent as the car dealer reported a jump in profits. Chief executive Mark Carpenter said the use of the agent allowed the London-listed firm to be more persistent with its sales strategy when human sales agents might have given up. “We’ve sold about [...]
Motorpoint: Used car supermarket returns to profitability after ‘most difficult year’ in its history October 8, 2024 It reported retail volume growth of 17 per cent in the first half with "strong momentum" going into the next six months.
Motorpoint to limit staff salary rises as bonuses for top bosses slashed June 26, 2024 Motorpoint has slashed the bonuses of its top executives after suffering “the most difficult year” in its history.
Motorpoint has the ‘most difficult year in its history’ amid shortage of used cars June 13, 2024 One of the largest used car supermarkets in the UK, Motorpoint, had "the most difficult year" in its history as people buy fewer cars for cheaper, compounded by an industry-wide shortage of pre-owned vehicles.
‘Positive momentum’ continues for used car seller Motorpoint as it looks to put ‘difficult’ 2023 in rear view mirror April 4, 2024 In a trading update covering the three months to March, the firm said it had seen a "strong and profitable" performance in the fourth quarter.