Full Year Results 

Motorpoint defies soft used car market

Motorpoint defies soft used car market

Data from the Society of Motor Manufacturers and Traders show used car sales have been falling since the first quarter of 2017. While it’s true that the decline seems to be stabilising – the latest update showed a dip of just 0.6 per cent in the first quarter of 2019 – it still makes for an unappealing backdrop. In light of this, Motorpoint’s (MOTR) performance for the year to March looks all the more impressive. The group saw sales grow 6.8 per cent, while adjusted EPS rose 11.3 per cent to 18.7p.

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