Pendragon today revealed its financial results for 2011 showing a doubling of profit before tax.
Despite revenue declining slightly to £3.4bn from £3.5bn in 2010, pre-tax profit rose to £24m from £11m.
Underlying profit before tax, which excludes exceptional items, rose to £30.8m from £25.2m.
The UK's largest franchised dealer also brought its borrowings down by £80m to £246.8m at year-end.
Trevor Finn, chief executive, said: "The group has benefited from strong focus on maximising returns and tje success of self-help initiatives within its three key business sectors."
"Used car performance continues to be a high point for the group and will remain a key strategic area in 2012.
"Our internet presence is an important differentiator for Pendragon in the market and had driven our strong aftersales, used and new performance."
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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