Marshall Motor Holdings Plc , a leading automotive retail group in the UK, has released a trading update in light of the fact that their underlying profit before taxes for 2018 is now expected to be ahead of last year.
The better than anticipated trading during last month has led the company to push out a more positive outlook for the rest of the financial year-- the Board is now expecting continuing underlying profit before tax for 2018 to be ahead of the record results the group pulled in last year.
Marshall Motor has been outperforming expectations in large part thanks to the significant impact the introduction of the new Worldwide Harmonised Light Vehicle Test Procedure (WLTP) had on the UK new vehicle market this past September.
The consequent new car supply imbalance has persisted; yet, Marshall Motor has seen growth in their used car volumes and margins as a result of the new car market’s supply constraint.
Coupled with further revenue growth achieved in aftersales, these developments have “given [the group] more confidence over the expected outcome for the year.”
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