Marshall Motor Holdings’ (MMH) management has provided another positive trading update following on from the AGM statement in May. The market demand for new and used cars remains strong and the supply of new and high-quality used cars is constrained. In combination, the effect is to boost used car wholesale prices and margins to exceptional levels. We upgrade our FY21 adjusted PBT by 18% to a record £26.1m. However, supply constraints appear to be intensifying in the new car market and may persi ....
25 Jun 2021
Marshall Motor Holdings - Strong used car market drives record results
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Marshall Motor Holdings - Strong used car market drives record results
- Published:
25 Jun 2021 -
Author:
Andy Chambers -
Pages:
4
Marshall Motor Holdings’ (MMH) management has provided another positive trading update following on from the AGM statement in May. The market demand for new and used cars remains strong and the supply of new and high-quality used cars is constrained. In combination, the effect is to boost used car wholesale prices and margins to exceptional levels. We upgrade our FY21 adjusted PBT by 18% to a record £26.1m. However, supply constraints appear to be intensifying in the new car market and may persi ....