AM Online

Currie Motors improves financial performance in latest set of accounts

Currie Motors turnover and profit in motor retailing both increased in 2015.

The AM100 dealer has property investment interests in the UK and has US operation, but segmenting its newly published 2015 accounts reveals motor turnover was up from £66.3 million to £67.4m. Profit before tax went up from £4.3m to £5.1m.

Return on sale, however, was down from 2.1% to 1.3%; return on capital employed from 4.4% to 2.6%.

Family-owned Currie Motors – marketing slogan “nice people to do business with” – was established more than 80 years ago and today represents Lexus, Toyota and Seat at five retail outlets. It also operates a Toyota service centre.

More data on Currie Motors on AMi (free to dealers).

> AM will present the autumn update of the AM100, using 2015 financial results, in its November issue. 

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