Pendragon is predicted to report a 9% enhance in underlying revenue earlier than tax of £36.5m within the six months to June.
In a pre-close buying and selling assertion, it stated new automobile gross sales rose 18.3% on a like-for-like foundation and new gross revenue per unit was £200 greater year-on-year.
Pendragon reported used quantity development, up 7.2% on a like-for-like base with used gross revenue per unit (GPU) of £1,400. Aftersales delivered like-for-like gross revenue development of 14% through the first half.
The software program enterprise Pinewood and leasing arm Pendragon Car Administration delivered working revenue development in extra of 10% year-on-year.
Pendragon will reveal its FY23 interim outcomes on 27 September 2023 together with Capital Markets Occasion on Pinewood.
Pendragon CEO Invoice Berman stated: “Pendragon has continued to carry out nicely, demonstrating the continued success of our technique.
“Elevated gross sales throughout all divisions and better profitability greater than offset price pressures, leading to a powerful money place.
“Whereas we count on excessive inflation and rates of interest to persist within the second half of the yr, our resilient model means we’re well-placed to carry out in step with Boards expectations.”