22 June 2022 - trading update
A trading update, coinciding with the company's Annual General Meeting, revealed that constrained supply of new vehicles in the UK has continued and margins in both the new retail and fleet channels have remained strong. Supply constraints also continue in used cars. This led to a significant decline in like-for-like used car volumes in May versus the previous year. However, it has also meant that there has been strong gross profit on used cars, with per unit profit in May at higher levels than in the same period a year earlier. High . . .
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