Auto Trader, an online vehicle selling and trading platform, keeps finding new ways to grow even as overall vehicle sales decline.
Revenues at the business jumped 8 per cent in the year to March 31, with pretax profits in the period soaring 15 percent to £242.2 million. This also includes an £8.7 million profit from the sale of nearly half its stake in the business-to-business Smart Buying division.
Bosses did warn that growth is unlikely to be as fast next year and last, but added there were no concerns over Brexit to cause them any financial worries.
However, the company warned that challenges facing the manufacturing industry - recently they showed new data showed the sector contracted in May - is expected to hit the business, with reduced advertising spends.
The firm said: "Despite a tougher new car market, manufacturers and agencies continue to see the value in our marketplace to advertise their new cars to consumers, with spend up by 18 percent.
"However the short-term challenges faced by both of these customer types did impact our growth in the second half of the year."
The number of cars on the site during the year was up 2 percent to 461,000 although the company explained this was mainly due to a boost from professional sellers and sales of new cars.
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