Daksh Gupta, MMH chief executive, has said the business would happily switch to an agency model for new car sales.
The average UK motor retailer made a £2,000 loss in October.
The average UK motor dealer suffered a loss of just under £7,000 for the month of July, marginally worse than their performance in the same month in 2016.
The average UK motor dealer made a profit of £46,000 in June. This is an increase of £3,700 over the profit made in June 2016 despite the drop in registration figures compared to the prior year.
The average UK motor dealer made a loss of just under £17,000 in May, a deterioration of £7,000 from the same month in 2016.
Marshall Motor Holdings has seen “significant growth in both revenue and profitability” in the first six months of its current financial year, it said today in its pre-close statement.
Learn the lessons of the UK’s most profitable dealer groups with ASE's profit clinic at the Automotive Management Live exhibition.
Motorpoint Group remains confident of continued successful trading in "uncertain economic conditions" as it enjoyed a continued rise in turnover - despite a fall in profits.
The average UK car dealer produced a marginal profit of £600 per site in April, a significant drop from the prior year’s profit of £8,000.
An increase in margins has seen Cambria Automobiles weather a fall in car sales to turn in a pre-tax profit boost in its interim results, published this morning.
The average UK car dealer enjoyed record profits in March on the back of record breaking new car registrations, making more than £114,000.
The average UK car retailer made a loss of £13,700 in February, a very slight increase on the loss made in February 2016, £13,400 (Feb 2015: £13,500 loss).
Kia Motors UK president and chief executive Paul Philpott said that he was “punching the air” after reading his dealers’ appraisal of his franchise in this week’s NFDA Winter Dealer Attitude Survey.
Increased investment in centres and reduced vehicle margins didn’t prevent Inchcape from achieving a “resilient” profit result in the last financial year.
The average UK motor retailer made a loss of just under £13,000 for the month of November, a deterioration of £2,000 from the result in the prior year.
Stoneacre’s profits fell in 2015, while the Doncaster-based dealer group’s revenue increased.
The average UK motor retailer made a profit of £187 in the month of October.
New model launches in 2016 and 2017 will help to maintain HR Owen’s strong financial position, according to its newly published accounts.
The average UK motor retailer made a profit of £68,000 in September, seven per cent down on the £73,000 made in the same month last year.
The average retailer lost just under £15,000 in the month of August.
