By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Reading: Used car website Auto Trader’s profits up 18 per cent
Share
Aa
Aa
BeFirsTrankBeFirsTrank
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Search
  • Home
  • Car Reviews
  • Auto Shows
  • Bike Reviews
  • Future
  • New Car
  • Used Car
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2023 BeFirsTrank News Network
Used Car

Used car website Auto Trader’s profits up 18 per cent

Loknath Das
Last updated: 2017/06/14 at 5:27 AM
By Loknath Das 3 Min Read
Share
SHARE

Auto TraderOperating profit in the 12 months to March 31, 2017 was £203.1million, up 18 per cent on the previous year.

The increase was driven by a 9 per cent increase in revenue, to £311million, and a 6 percentage point rise in operating margins, to 67 per cent.

The group also declared a higher final dividend, bringing the total for the year to 5.2p per share, up from 1.5p last year.

It wasn’t all so rosy, however. The UK’s car market has been buoyant in recent years, but new car registrations are down slightly so far this year.

Auto Trader chief executive Trevor Mather points out that the used car market is likely to remain robust for a while yet, but historically weakness in new car sales still feeds through to the second hand market after a couple of years.

Heightened political uncertainty following a less than decisive election result could also have knock-on effects.

AUTO TRADER
Operating profit was £203.1million, up 18 per cent on the previous year

Nonetheless, Auto Trader retains some enviable characteristics. The way we go about buying our next car has changed in recent years.

Rather than trekking from dealer to dealer to try and find a suitable purchase, we are now much more likely to conduct our research online before going to the dealership specifically to complete the deal.

This makes websites like Auto Trader’s invaluable to sellers, since they provide such an important means of connecting dealers to potential buyers.

Given Auto Trader generates four times the traffic of its nearest competitor, it’s easy to see why maintaining a spot on the site is all but essential to dealers.

20. Sheldon Adelson, Chairman and CEO, Las Vegas Sands. Net worth: $30.4 B

GETTY IMAGES
20. Sheldon Adelson, Chairman and CEO, Las Vegas Sands. Net worth: $30.4 B

AUTO TRADERGETTY

The increase was driven by a 9 per cent increase in revenue

This gives it the power to put through price increases year-on-year.

In the past three years, the group has managed to squeeze 30 per cent more revenue out of a stable bank of customers.

Running a successful website doesn’t require much in the way of capital outlay, and so the group generates plenty of surplus cash.

All in all, Auto Trader’s business model looks strong to us. However, the group is sensitive to wider economic conditions.

[“Source-ndtv”]

You Might Also Like

Over the Next Ten Years, the Used Car Industry

The Future of Used Cars: Why Pre-Owned Vehicles Are the Best Option

Utilized vehicle costs are falling quick

Here’s The reason Vehicle Could Begin exposed?

Top 6 Hints To Track down Solid Recycled Vehicle Vendors in Delhi

TAGGED: 18%, Auto, Car, Cent, per, Profits, Trader's, Up, Used, Website
Loknath Das June 14, 2017
Share
Previous Article UK used car outlook ‘resilient’ says Sword Apak
Next Article Nissan stages an Attack at the Buenos Aires Auto Show

Calendar

May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    

Latest Trending News

  • Over the Next Ten Years, the Used Car Industry May 8, 2025
  • Beyond the Map: What Modern Vehicle Tracking Can Do for Your Business May 3, 2025
  • What Should My Video Game Room Have? April 28, 2025
  • Personalized advertising fuels growth and drives competitiveness for European businesses April 28, 2025
  • Personalization, AI, and the future of retail April 14, 2025
  • Europe’s New Car Buyers and Selected Sustainability April 8, 2025
  • Motor SRC 500 Review: A Powerful Cruiser April 4, 2025

© 2023 Befirstrank News Network. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?