Auto Trader's sales have passed £500m despite the "challenging economic backdrop" but car supply shortages has seen it report lower annual earnings.
The Manchester-headquartered company has reported a revenue of £500.2m for the 12 months to March 31, 2023, up from the £432.7m it posted for the prior year. Its pre-tax profits dipped from £301m to £293.6m over the same period.
The group said soaring demand saw cars sell faster than at any time since its flotation eight years ago, which held back the number of vehicles listed on Auto Trader.
