AM100 dealer Benfield Motor Group has held its profits flat despite seeing revenue drop almost 10% in the downturn.
The group recorded a £3m profit although sales fell from £316m in 2007 to £287m in 2008.
Chief executive Mark Squires told Newcastle paper The Journal he aims to build turnover to £350m by 2011 through organic growth and acquisitions.
This year Benfield has already grown sales by 2%.
Source: The Journal www.nebusiness.co.uk/business-news/latest-business-news/2009/09/18/car-dealer-benfield-s-profits-up-despite-downturn-51140-24718598/