Spread the love

Cambria Automobiles plc has issued its Pre-close Trading for the six months to 28 February 2015, confirming performance has been substantially ahead of the corresponding period in 2013/14.

The group saw new vehicle unit sales increased by 17.1% over all and 9.9% on a like-for-like basis,  against a UK market up 7.9%. The statement expresses confidence that “that new car volumes will remain robust throughout 2015”.

In its used vehicle sales figures Cambria reports unit sales were 2.1% ahead of the same period last year and flat on a like-for-like basis.  The group saw gross profit per unit continuing to increase. In the used car segment Growth in the Group’s aftersales operations also continued, with profitability currently up 7.7% year-on-year.

Having acquired Barnet Land Rover and Jaguar the Cambria statement flags the group’s intention to “to explore acquisition opportunities that will further develop the Group in line with its stated strategy.”

Cambria was established in 2006 with a strategy to build a balanced motor retail group. The group now consists of 28 dealerships, representing 45 franchises and 18 brands.  Cambria’s stated ambition is to pursue its acquisition strategy towards the goal of creating a Group with annual revenues of over £1 billion.

Got a spare 30 seconds?

 Help us to provide you with better market insight by completing a very short survey. It is anonymous and only takes 30 seconds. You will get free access to the quarterly results.

Thinking of the switch to electric?

Need help in finding the right electric vehicle for you? Compare driving range, battery capacity, charging time, price, and features to find the perfect EV for you.