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Motorpoint Group PLC on Wednesday said it anticipates to report a jump in annual profit amid ‘record’ retail volumes and metal margin performance. The Derby, England-based car retailer said retail volumes were at a ‘record’ 65,000 in the financial year ended March 31, up 8.0% from financial 2025. In the calendar year 2025, the company’s retail sales volumes rose 6.0%, outperforming the overall used car market which saw 2.2% growth. The company said: ‘Since launching our new agentic artificial intelligence tool to reactivate historic closed quotes, around 900 incremental vehicle sales can be attributed to this channel. Supply of vehicles has returned to more normalised levels, and we are securing more bulk deals as a result. We are also sourcing more vehicles directly through our Sell Your Car channel. The use of data to inform both buying and pricing vehicles is firmly embedded, which has supported record metal margin performance. This has helped offset ongoing inflationary pressures, notably in labour costs.’ The firm expects to report pretax profit of around £7.5 million, an 83% surge from £4.1 million a year ago, boosted by ‘record’ metal margin performance which helped offset inflationary pressures. Meanwhile, Motorpoint announced that a new store will open in Leeds during the summer. Chief Executive Officer Mark Carpenter said: ‘The group had an excellent year in FY26, and I am delighted to report record sales volumes and an 83% increase in profit before taxation. FY26 has been a step change year for Motorpoint, where the use of data became fundamental within the business and we started to embrace the benefits of AI. Whilst the macroeconomic uncertainty in recent weeks leads to a degree of caution due to the risks of increased inflation and interest rates, our superior customer service, omnichannel business model and exciting growth plans mean we are well placed to take advantage of opportunities to further increase market share and build long term value for shareholders.’ Motorpoint will release annual results in June. Motorpoint shares rose 4.6% to 136.00 pence each on Wednesday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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