Motorpoint
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Car Dealer News 30 JanMotorpoint warns profits could be £6m below expectations
The UK’s largest independent vehicle retailer Motorpoint Group expects 2024 profits to fall up to £6 million short following a significant drop in used prices.
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Car Dealer News 23 NovMotorpoint vows to remain resilient in face of huge losses
Motorpoint insists its strategic adjustments and resilient business model will help it navigate the challenges faced by all retailers in the used car market
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Car Dealer News 5 OctMotorpoint fights to stem losses, £1m cost of redundancies
Motorpoint has been cutting jobs, reducing stock purchase costs and halting its expansion plans as it fights to stem financial losses which the national car supermarket chain blames on difficult macroeconomic conditions.
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Car Dealer News 14 Jun
Used car dealer Motorpoint reports £22m swing to loss-making in 2023
Car supermarket chain Motorpoint suffered a swing from £21.5m profits in its 2022 financial year to a £300,000 loss in its 2023 financial year, as it was hit by rising financing costs, stock shortages, depreciating electric vehicles and rising investment requirements.
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Car Dealer News 6 Apr
Motorpoint full-year 2022 trading update reveals record turnover of £1.44bn
The Motorpoint used car supermarket group has revealed record revenues totalling £1.44 billion from its 2022 financial year in a trading update published this morning (April 6).
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News 28 FebMotorpoint to create 30 jobs at 20th used car retail store
Motorpoint has started a recruitment drive to attract staff for its 20th used car retail site, which is set to open in Ipswich in May.
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People News 17 FebCar supermarket group Motorpoint hires Dreams exec Kal Singh as COO
Motorpoint has strengthened its senior leadership team with the appointment of Kal Singh, a former executive of the Dreams retailer, as its new chief operating officer.
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People News 10 Feb'Inspirational' former Motorpoint operations director Paul Winfield dies
Former Motorpoint operations director Paul Winfield has died, aged 68, prompting a flurry of tributes to an “inspirational” and “lovely human”.
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News 27 Jan
Motorpoint: reduced finance income and EV values to impact profits for ‘foreseeable future’
Motorpoint chief executive Mark Carpenter has insisted the car supermarket group will succeed in its goal of becoming a “highly profitable market leader” despite faltering finance commissions and used vehicle margins.
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Talent & People 16 Dec8 Questions to… Motorpoint stock and purchasing director Dean Walker
Motorpoint stock and purchasing director Dean Walker tells AM how new car production and inflation are adding pressure to his role at the used car supermarket PLC in the latest '8 Questions to...' Q&A.
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Car Dealer News 24 Nov
Outraged mum tracked car's 22-mile trip during Motorpoint service appointment
An outraged Motorpoint customer has told The Sun newspaper how her daughter’s Ford Fiesta was driven 22 miles during a service appointment with Motorpoint.
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Market Insight 14 Nov
Cost-of-living crisis forces owners of older cars to keep them longer
Owners of cars that are at least 10 years old are less likely to swap them for newer models during the cost-of-living crisis, according to a Motorpoint survey.
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Car Dealer News 6 Oct
Motorpoint reports record H1 revenues of £735 million
Used car supermarket chain Motorpoint has reported a 30% annual rise in half year revenues to £785 million thanks to a richer mix of bigger ticket vehicles and price inflation.
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Car Dealer News 30 SepMotorpoint Edinburgh becomes used car supermarkets 18th location
Motorpoint officially opens the doors to its new used car supermarket site in Edinburgh today (September 30) – its 18th retail location in a growing network.
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News 6 Sep
Motorpoint CEO hopes strong September will ease ‘overheating’ used car market
Motorpoint chief executive Mark Carpenter is rooting for a strong September of new car registrations to get supplies flowing and ease an “overheated” used car sector.
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Used Cars 24 AugOnly 5% of car buyers influenced by new plate change
The vast majority of consumers do not factor in the new car plate change as part of their buying decision, according to a new poll by Motorpoint.
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News 27 Jul
Motorpoint targets trio of car supermarket openings after 30% Q1 revenue growth
Motorpoint has added plans for a Coventry used car supermarket sites to its expansion plans for Edinburgh and Milton Keynes after growing its Q1 revenues by over 30%.
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Car Dealer News 11 JulMotorpoint recognises 40 employees for their long service
A combined 743 years of service from 40 staff has been recognised by the UK's largest used car supermarket group, Motorpoint.
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News 5 Jul
Motorpoint to double Scottish presence with Edinburgh used car supermarket
Motorpoint is set to double its used car supermarket footprint in Scotland with the opening of a new location in Edinburgh.
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Car Dealer News 15 JunMotorpoint hauls in £21.5 million profit from used car sales
Used car dealer group Motorpoint has more than doubled its profits year-on-year, bringing them back to levels last seen before the pandemic.
