Page 3 - Mark Carpenter News Today

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).

Automotive retailer Motorpoint said on Thursday that it had delivered record revenues in the year ended 31 March, driven by both vehicle mix and price inflation.

Used vehicle retail chain Motorpoint, which has one of its sites at Churchbridge, Oldbury, enjoyed record sales in the year to the end of March.

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.

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.

Former Motorpoint operations director Paul Winfield has died, aged 68, prompting a flurry of tributes to an “inspirational” and “lovely human”.

Motorpoint warned that gross profit per car would be lower than expected due to the plummeting value of electric cars.

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.

Motorpoint Group PLC (LSE:MOTR, OTC:MTPTF) has noted that macroeconomic conditions continue to create consumer uncertainty, thereby reducing used car...

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