Lifestyle Europe has reported a 20% rise in pre-tax profits in its last financial year.
The car dealer group, which trades as Lifestyle Motor Group from 10 locations across the South East of England, increased profits to £3.7m in the 12 months to the end of March, while turnover rose 8% year-on-year to £157m.
The group will celebrate its 15th trading year in early 2016.
It expanded recently with the opening of a purpose build new Ford and Mazda dealership in Horsham, West Sussex.
Marc Matthew, Lifestyle Europe’s chairman, said the strong foundations laid down since the company’s formation have resulted in a”dedicated, dependable performance” from a strong management focus to agree processes, and the Lifestyle Journey Training strategy.
In February, Lifestyle Europe was awarded the AM Award for Training and Development in recognition of its development of future potential managers.
Matthew said early indications of trading turnover and profit since March 2015 shows performance is ahead of the prior year.
> Lifestyle Europe key financial data (Source: AMi)
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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