The average UK motor dealer suffered a loss of just under £7,000 for the month of July, marginally worse than their performance in the same month in 2016.
Marshall Motor Holdings has seen “significant growth in both revenue and profitability” in the first six months of its current financial year, it said today in its pre-close statement.
Motorpoint Group remains confident of continued successful trading in "uncertain economic conditions" as it enjoyed a continued rise in turnover - despite a fall in profits.
An increase in margins has seen Cambria Automobiles weather a fall in car sales to turn in a pre-tax profit boost in its interim results, published this morning.
Increased investment in centres and reduced vehicle margins didn’t prevent Inchcape from achieving a “resilient” profit result in the last financial year.
Stoneacre’s profits fell in 2015, while the Doncaster-based dealer group’s revenue increased.
New model launches in 2016 and 2017 will help to maintain HR Owen’s strong financial position, according to its newly published accounts.
South-west based Westover Group’s turnover grew in 2015, but profit before tax dropped slightly.
Caffyns has reported a profit before tax increase of 30% to £1.5 million, with increases across all areas of the business for its half year ended September 30.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
Find out what features are in this month's, and future, issues