Halfords Autocentres studies market share progress, revenues attain £700m

Automotive restore chain Halfords Autocentre has reported rising market share within the aftermarket because it attracts in additional drivers for tyre replacements and automobile servicing or MOTs.

It got here after a Halfords advertising marketing campaign in 2023 urged extra cash-conscious motorists to shun franchised sellers and go for its cheaper car upkeep provides. That led to fury from some supplier teams who hit again by declaring the experience at their companies.

Halfords’ makes an attempt to construct loyalty by offering provides and added worth seem be having success – its Motoring Loyalty Membership has doubled in measurement to three.4 million members inside a yr and it generates 40% of its MOT work.

Nonetheless it has highlighted fears that many motorists have delay tyre alternative because of larger residing prices, after an examination of greater than 1,500 autos in airport automobile parks at London, Manchester and Edinburgh discovered that one in 4 had a tyre that was broken or closely worn.

In its monetary outcomes printed right now, Halfords reveals its 639-site community of service and MOT workshops, together with its business fleet companies operation, made £60.4 million underlying EBITDA from revenues which rocketed 18% to £699.4% from the prior yr’s £594.8m.