Marshall Motor Group has revised its profit forecast for the year up for the second time in as many months as new car sales for the listed dealer group continue to rise.
In an unscheduled announcement this morning, the firm told the Stock Market it now expects profit for the year to be ‘not less than £19m’ – up from the £15m it predicted in October.
That figure was already revised upwards from the firm’s half year results which said the group only expected to break even this year.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.