Caffyns goes into the red in ‘particularly challenging’ first half

Caffyns goes into the red in ‘particularly challenging’ first half

Caffyns went into the red for the half year to 30 September with losses of £934,000 compared to profits of £213,000 in the prior year on turnover down 3% to £133.9m. Retail new car deliveries fell by 14% year-on-year. Caffyns said many of its brands performed behind the UK market and it had made operational changes with more planned to address the issue. Used car sales volumes fell by 1% year on year but it said innovations in sourcing used cars…