The average UK motor retailer made a £2,000 loss in October.
Harratts posted a pre-tax profit of £307,000 in 2015. It demonstrates a turnaround in performance following a trading loss of £2m in the year before.
Group 1 Automotive’s UK operations saw its gross profits increase by 71.5% to £41.2 million in the second quarter this year, driven by F&I revenues.
Inchcape experienced pressure on its trading profits and margins in its UK business for its half year results ended June 30, 2016.
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.
Top AM100 dealer group Pendragon has reported a pre-tax profit increase of 6.6% over Q3 in its latest interim update.
Peoples has posted pre-tax profits up 26.3% to £5.51 million and turnover increased by £31.7m to £236.7m for its results for the year ended July 31.
Lookers has reported continued improvements in all areas of its business during Q3 this year, boosted by a strong September.
Inchcape has revealed in its latest trading update for Q3 that its UK business showed “robust revenue growth” as the group benefited a strong UK new car market.
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 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues