Auto Trader today posted an operating profit of £149.1m for the first half of 2022.
It comes after the car sales giant assessed it impact of its acquisition of Autorama, the leasing business which Auto Trader bought in March for £200m generated revenue of £11.6m, but made a loss of £4m in the period.
Auto Trader CEO Nathan Coe said: “Our first half results demonstrate the strength of our position with car buyers and the depth of partnership we are building with customers.
“Achieving this in a period impacted by high levels of economic uncertainty is a credit to both our people and customers, and provides confidence in navigating the rest of the year.
“Longer-term we are well placed to grow as we further develop the core Auto Trader business, extend it to enable car buyers to complete more of their purchase online, and provide the industry-leading data and technology platform for our customers.”
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