Motorway cuts its loss as sales rise at ITV’s Six Nations sponsor October 14, 2024 Online-only used car marketplace Motorway cut its pre-tax loss in 2023 as the Six Nations TV coverage sponsor handled more than £2.2bn in sales transactions in the year. The London-based business, which has a network of more than 7,000 car dealers, has reported a pre-tax loss of £31.7m for its latest financial year, down from [...]
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.
Peugeot pins hopes on ‘facelift’ to boost growth October 3, 2024 Peugeot is hoping that a ‘facelift’ across its most popular car models will continue the rise of its popularity in the UK. The Coventry-based brand, which is owned by giant Stellantis, outperformed the wider UK market in 2023 on the way to posting a turnover of £2.25bn. The total comes after the business reported a [...]
Pirelli: ‘Strong’ UK price rises helps sales near £500m at tyre giant September 30, 2024 The UK arm of Pirelli has said “strong” price rises helped its sales and pre-tax profit accelerate during its latest financial year. The company has reported a turnover of £471.3m for 2023, up from the £419.3m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit improved from £11.5m to £14.3m [...]
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.
Vertu Motors enjoys record revenue after bumpy year May 15, 2024 Used car dealership Vertu Motors saw revenue and pre-tax profit rise in its annual results after a bumpy previous year forced the firm to issue a profit warning.