Pendragon today revealed its financial results for 2011 showing a doubling of profit before tax.
Despite revenue declining slightly to £3.4bn from £3.5bn in 2010, pre-tax profit rose to £24m from £11m.
Underlying profit before tax, which excludes exceptional items, rose to £30.8m from £25.2m.
The UK's largest franchised dealer also brought its borrowings down by £80m to £246.8m at year-end.
Trevor Finn, chief executive, said: "The group has benefited from strong focus on maximising returns and tje success of self-help initiatives within its three key business sectors."
"Used car performance continues to be a high point for the group and will remain a key strategic area in 2012.
"Our internet presence is an important differentiator for Pendragon in the market and had driven our strong aftersales, used and new performance."
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
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