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Sturgess profitable in 2012 despite "economic stagnation"

Leicester-based Sturgess Motor Group has boosted turnover by almost 25% to £81.9 million on the back of increased new and used car sales.

The group posted increased operating profits from £935,000 to £1.1m and pre-tax profits were up from £700,000 to £900,000.

The new and used car departments generated £71.4 million and its service and parts business contributed £10.5m.

The dealer group represents Jaguar, Land Rover, Hyundai, Volvo, Alfa Romeo and Fiat.

Operating profit at the group also rose from £935,000 to £1.1m and pre-tax profit was up from £700,000 to £900,000.

The group is “cautiously optimistic that the year ahead will bring further success despite the uncertain and challenging trading climate”.

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