Revenue

6 Months Ended

Jun. 30, 2023

Revenue [Abstract]

Revenue

3. Revenue 

3.1 Disaggregated revenue information

The following is an analysis of the Group’s revenue for the period from continuing operations. 

	Six months ended June 30 2023 £’000		Six months ended June 30 2022 £’000
Type of goods or services
Retail1		376,386		497,790
Wholesale		35,984		68,888
Other sales1		6,192		16,542
		418,562		583,220
Timing of revenue recognition
Goods and services transferred at a point in time		413,561		575,225
Goods and services transferred over time		5,001		7,995
		418,562		583,220

¹ Retail includes the aggregate retail sales price and ancillary products (including financing commission, warranty commission, paint protection and any add-ons), together with delivery charges and admin fees, from all vehicles sold through the Group’s retail channel in the year. Ancillary revenues were previously presented in “Other sales”. The comparatives for the six months ended June 30, 2022 have been restated for consistency (ancillary revenues were £17.5 million for the six months ended June 30, 2022).

3.2 Contract balances

Revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the period end is summarized as below.

	At June 30, 2023 £’000		At December 31, 2022 £’000
Undelivered vehicles and service plans		18,853		19,374