Auto Trader profits driven up to more than £105m by used car focus
Manchester-based digital car seller Auto Trader Group has bucked national the slowdown in motor sales by focusing on the used vehicle market to deliver a 10% increase in half-year pre-tax profits to £105.4m.
Revenue climbed 7% to £165m in the six months to September 30 as the company returned £70.3m to shareholders through £36.3m of share buy-backs and paid dividends of £34m.
Meanwhile, the company re-launched its retailer advertising packages in April and is continuing to develop its new car proposition for manufacturers, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
