HR Owen’s annual financial results for 2018/19 have revealed that the London-based supercar and luxury car retailer has delivered a four-fold increase in pre-tax profits in the three years since its acquisition by the Malaysian Berjaya Group.
Cartime is targeting a £100 million turnover by 2021 after celebrating a set of annual financial results which revealed a 28.7% rise in revenues and 27% increase in pre-tax profits in 2018.
Fast-expanding Motordepot has revealed a 35% increase in turnover and 16% growth in pre-tax profits in a financial period which saw the independent retailer open three used car supermarkets.
Swansway Motor Group has reported a 35% increase in its profit before tax in its annual financial results for 2018 – despite a decline in turnover.
Vertu Motors has reported six-months of growth in operating profit, earnings per share, dividends and return on sales despite revenues remaining flat at £1.45bn.
Beadles Group has reported a 12% decline in pre-tax profits to £2.6 million in its first set of annual results since its acquisition by Group 1 Automotive.
JCT600 has recorded revenues up 7% to £1.222 billion amid challenging market conditions which prompted a £2.8 million fall in operating profit.
The average UK motor retailer made a profit of just under £4,000 in July, matching their result for July 2014, according to ASE data.
Nissan GB's car dealer network has seen a 66% rise in dealer profitability in Q2 of 2015 after the brand made a commitment to boosting returns.
During the four month period to June 30, Vertu Motors saw continued growth in like-for-like revenues and gross profits, according to chairman Peter Jones.
The average UK motor dealership produced a marginal profit in April 2015 of £3,000.
The average UK motor dealership produced recorded a profit of just under £93,000 in March.
The average UK motor dealer made a loss of £13,500 in February, a slight increase in the loss made in February 2014.
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