Marshall Motor Holdings report significant increase to FY2021 expectations
7:09 am
Marshall Motor Holdings Plc (LON:MMH), one of the UK’s leading automotive retail groups, provides the following trading update given a significant increase in its full year expectations for 2021.
On 25 June 2021, the Group announced that it expected to deliver underlying profit before tax for the full year well ahead of the Group’s historic record result. This performance has been underpinned by a market which has benefited from positive tailwinds since April, including unprecedented used vehicle value appreciation and favourable demand-to-supply conditions for both new and used vehicles.
Those tailwinds continued in July and the Group now has initial visibility on the outlook for August and September.