6 October 2021 - trading update

The AIM-listed motor retailer has announced another positive trading statement as it has benefited from the very positive trading conditions in its market.  As has been well-documented on this website, severe shortages of components have led to restricted supplies of new vehicles with the result that selling prices of new cars have remained strong thus helping margins.  Used car prices have also proved very strong due to a lack of supply.  The overall result will mean that profits for the 2021 calendar year, which were forecast to be at least £40m, are now . . .

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