Business, Economics, Stock markets, FTSE, Brexit Business | The Guardian
Rolling coverage of the latest economic and financial newsShares in online car marketplace Autotrader are roaring ahead, after it reported a jump in sales and earnings for last year.Autotrader’s revenues increased by 14% in the year to 31 March, while operating profits increased by 26%.High interest rates mean it can still be expensive for people to finance the purchase of a vehicle, and it’s interesting to see Google taking an interest in the UK motoring market. Costs generally for businesses also remain elevated, while potential for forecourt consolidation persists as operators such as Cargiant and Motorpoint look to grow.On the upside, Auto Trader is still the dominant market player and continues to spend on innovation. More and more dealers are trialling its ‘Deal Builder’ product, which allows car buyers to value their part exchange vehicle, apply for finance, and reserve a vehicle online. Group net bank debt has also reduced significantly. Continue reading…
Rolling coverage of the latest economic and financial news
Shares in online car marketplace Autotrader are roaring ahead, after it reported a jump in sales and earnings for last year.
Autotrader’s revenues increased by 14% in the year to 31 March, while operating profits increased by 26%.
High interest rates mean it can still be expensive for people to finance the purchase of a vehicle, and it’s interesting to see Google taking an interest in the UK motoring market. Costs generally for businesses also remain elevated, while potential for forecourt consolidation persists as operators such as Cargiant and Motorpoint look to grow.
On the upside, Auto Trader is still the dominant market player and continues to spend on innovation. More and more dealers are trialling its ‘Deal Builder’ product, which allows car buyers to value their part exchange vehicle, apply for finance, and reserve a vehicle online. Group net bank debt has also reduced significantly.
