Motorpoint bucks the trend

Motorpoint bucks the trend

In a difficult market for traditional motor retailers, it seems Motorpoint’s (MOTR) 'nearly-new' proposition is gaining good traction. Motorpoint says its vehicles are typically under two years old and carry less than 15,000 miles, and the company managed to grow total sales by more than a fifth last year. This translated into a 31 per cent rise in cash profit to £23.4m, which supported a whopping 57 per cent improvement in the final dividend.

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