Motorpoint Group has reported a strong first-half performance, with record retail volumes and significant profit growth driven by investment in artificial intelligence (AI) and digital capabilities and operational efficiencies.
Following its H1 success, with profits rising 81%, the group is now targeting growth of over 120,000 retail units while operating from 30 to 35 stores.
Mark Carpenter, CEO of Motorpoint Group, said: “I am pleased to report a strong first half as our technology-led strategy bears fruit.
“Record retail volumes, up 7.6%, and gross profit growth of 11.9% demonstrate our continued outperformance of the used car market.
“Our integrated platform is improving profitability per vehicle, delivering a record metal margin in the half and reducing customer acquisition cost. Our highly engaged team continues to give customers outstanding choice, value and quality.”
The group credited its technology platform, dubbed MotoAI, for helping drive performance.
AI-powered pricing models improved margins, with metal margin reaching a record £1,266 per vehicle, against £1,063 a year earlier. AI also generated additional sales by re-engaging previous customer enquiries and matching buyers with vehicles.
For the six months to 30 September 2026, revenue increased 6% to £686.7m, while gross profit rose 11.9% to £55.4m.
Retail volumes reached a record 35,430 vehicles, up 7.6% year-on-year and significantly ahead of the used car market’s 0.6% growth.
Total vehicle sales increased 8.2% to 51,270 units.
