Auto Trader profit speeds ahead amid ‘robust’ second-hand car market
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Auto Trader said it had benefited from “continually strong levels of demand” across both the new and used car markets, as the supply of both increased over the year. Auto Trader flagged that high interest rates continue to make it expensive for people looking to take out a loan to pay for a car, and that they were also increasing costs for retailers. “More than eight in 10 car buyers now use Auto Trader during their car buying journey and two thirds of buyers only use Auto Trader. “We are confident in our prospects for the year ahead and, in the longer term, we see significant opportunities to continue growing our marketplace and to move more of the car buying process online, on Auto Trader.”
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Auto Trader says new car market ‘remains challenging’ despite sales rise
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