In its recent trading update, Lookers provided guidance that it expects to report an underlying profit before tax for H1 of approximately £45m, down from £50m in the first half of the prior year....
Read moreIn May I reviewed in detail the performance of Cazoo, with particular focus on how it has done against the plans it laid out prior to floatation. Since then we have seen Carzam enter voluntary...
Read moreThere has been a lot of analysis and press recently around the performance of Cazoo, both in terms of its recent trading announcements and its share price performance. Since floatation the share price...
Read moreThe results are in and they confirm that 2021 was the most profitable year for motor retailers we have ever seen. The average UK retailer made a return on sales of 2.49% during the year. It can be...
Read more2021 is going to go down as a record year for motor retail profitability. Indeed it is probably one which is never going to be surpassed in terms of collective profits earnt. While retailers are busy...
Read moreFor practically all UK car retailers 2021 will produce a record level of profitability. We went into the year with a significant level of trepidation; while 2020 had produced a solid level of...
Read moreDuring the course of 2021 we saw most motor retailers post record profits, even in historically tough months, on the back of strong retail margins, good used car volumes and controlled costs. This...
Read more2020 proved a phenomenally profitable time for UK motor retailers, with the average business increasing their EBITDA by 41% when compared to the prior year. There were a large number of ‘winners’,...
Read moreOctober’s profitability results showed that there is no sign of the current boom ending, with the average UK motor retailer making a profit of £62,000 in the month. This represents a £9,000...
Read moreUK motor retailers continued their strong performance during the month of September, delivering a profit of £168,000 on average during the month. This strong result represents an improvement of...
Read moreEver since the plate change month moved to September the month of August has been quiet, with retailers and customers either thinking about holidays or looking forward to the impending new...
Read moreComparing motor retail profitability has been a real challenge over the course of the past year given the unprecedented circumstances we have faced with furloughed staff and closed showrooms hitting...
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