Auto Trader has reported its highest ever profits and sales for a six month period as the group focused on digital offerings.
Revenues soared 82% to £215.4m whilst profits jumped 121% to £151.7m.
“Early in the pandemic we acted decisively to protect our people, customers, and business. As a result of these actions, we have emerged as a stronger business which can be seen in our results for the first half of this financial year,” said Nathan Coe, chief executive.
“The number of people using Auto Trader to buy their next car is at record levels, more retailers are choosing to partner with us, and our competitive position has strengthened.”
“This positions us well as we look to partner with retailers to bring more of the car buying journey online, which we believe will provide significant long term growth opportunities,” he added.
The group is expecting strong full-year results.