AutoTrader Defies Car Industry Gloom

Sales website produces upbeat results as Fiat Chrysler's bid for Renault falls through and Ford announces it will close a plant in the UK by 2020

James Gard 6 June, 2019 | 11:42AM

VW Golf

Car sales website AutoTrader (AUTO) has defied the woes of the automotive industry, posting a rise in profits and revenue in its annual results.

The upbeat results contrast sharply with the figures coming out of the industry in recent months, most recently that new car registrations were down 4.6% year-on-year in May, the 26th consecutive month of falls.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bayerische Motoren Werke AG52.60 EUR-2.59
Fiat Chrysler Automobiles NV7.94 EUR-3.73
Renault SA20.21 EUR-7.74

About Author

James Gard  is content editor for Morningstar.co.uk

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