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Pendragon is expected to report a 9% increase in underlying profit before tax of £36.5m in the six months to June.
In a pre-close trading statement, it said new vehicle sales rose 18.3% on a like-for-like basis and new gross profit per unit was £200 higher year-on-year.
Pendragon reported used volume growth, up 7.2% on a like-for-like base with used gross profit per unit (GPU) of £1,400. Aftersales delivered like-for-like gross profit growth of 14% during the first half.
The software business Pinewood and leasing arm Pendragon Vehicle Management delivered operating profit growth in excess of 10% year-on-year.
Pendragon will reveal its FY23 interim results on 27 September 2023 along with Capital Markets Event on Pinewood.
Pendragon CEO Bill Berman said: “Pendragon has continued to perform well, demonstrating the continued success of our strategy.
“Increased sales across all divisions and higher profitability more than offset cost pressures, resulting in a strong cash position.
“While we expect high inflation and interest rates to persist in the second half of the year, our resilient model means we are well-placed to perform in line with Boards expectations.”