BCA Marketplace profit before tax boosted to £41.1 million and group revenue has increased from £1.2 billion to exceed £2bn.
Inchcape has reported that its UK trading profit was “broadly flat” as its global distribution operation helped the business bolstered revenue growth in the first half of 2017.
A loss of £17,000 was experienced by the average UK motor retailer in May – a result £7,000 down year-on-year.
Inchcape has reported a year-on-year increase in revenues in its UK and European businesses.
East Anglian dealer group John Grose has hailed "outstanding financial results" as its annual results recorded turnover growth of over 12%.
JCT600 has recorded revenues up 7% to £1.222 billion amid challenging market conditions which prompted a £2.8 million fall in operating profit.
Lookers has reported 30% growth in used car turnover during a “buoyant” Q1 which saw retail volumes and rising profit across the board.
Vertu Motors Group records ‘record performance’ in annual results.
Pendragon has reported “a strong start” to 2017, with growth in aftersales and used.
Sturgess Motor Group has announced plans to invest in its Jaguar Land Rover and Mazda facilities as it marks its 120th year in business.
Car supermarket chain Motorpoint Group reports its work to shore up gross profit per unit has progressed, with margins normalised over the past six months.
Mill Garages North East Ltd has seen an eleven 11% rise in turnover in a year that saw it commit wholly to sales from its string of Volvo franchises.
Mitchell Group looked to praise its loyal staff and "market-leading" return on sales after recording a 10.8% rise in its annual turnover to £51.3 million.
Marshall Motor Holdings has secured its position as the UK’s seventh largest car retail group with annual accounts which show a 54.1% rise in revenues and a 60.4% rise in profit before tax.
Profits at Porsche soared to record levels to realise operating profits of £3.4 billion as a fall in sales and the dieselgate fallout saw its Volkswagen’s results falter in 2017 – falling 2ppts to £1.7 billion.
Lookers boosted its revenues by 17% to £4.3 billion in 2016, with much of its growth coming from increased sales at its existing businesses.
Pentagon Group have “room for improvement” despite reporting profit before tax of just over £4 million on turnover of £472m, according to group chairman Trevor Reeve.
Vertu Motors has said that it has “considerable firepower for growth” heading into a new year which presents the threat of lower new car volumes and rising operating costs.
Pendragon has set out a plan to double its used car revenues in 2017 after new car turnover declined 1.4% in 2016 – despite a 1.9% overall rise in revenue to £4.54 billion.
Labour strikes and declining demand in emerging markets has been blamed for a 30 per cent drop in net profit for Hyundai Motor in the fourth quarter of 2016.
