Motorpoint is reporting a record start to 2021 after it sold 61% of its used car volume online in Q1 – it is now pushing forward with its highly-rated ecommerce retail offer with huge confidence.
As Mark Morris, chairman at the UK’s largest used car supermarket group, reported to the group’s AGM this week, the board “continues to look to the future with confidence”.
A note of caution was sounded about the uncertainty over the well-documented vehicle supply shortage, the potential continued disruption from COVID-19, and a realignment of used vehicle margins.
Motorpoint also confirmed that it is continuing with its transformation into an E-commerce led business with huge potential, following the record sales in the first two months of the financial year, both online and in branch, significantly ahead of the same period in FY20, prior to the COVID-19 pandemic.