South-west based Westover Group’s turnover grew in 2015, but profit before tax dropped slightly.
Harratts posted a pre-tax profit of £307,000 in 2015. It demonstrates a turnaround in performance following a trading loss of £2m in the year before.
The average UK motor retailer produced a profit of just over £42,000 in June, exactly matching the result for the same month in 2015.
Group 1 Automotive’s UK operations saw its gross profits increase by 71.5% to £41.2 million in the second quarter this year, driven by F&I revenues.
Inchcape experienced pressure on its trading profits and margins in its UK business for its half year results ended June 30, 2016.
The average UK motor dealership registered a tough May giving up all of the gains over 2015 registered in April, plus a bit more.
The average March profit for a franchised dealership reached a record in 2016 of £98,900, a 6.5% increase on the prior year.
The new car market looks set to hit a record level in 2015 but dealer profitability certainly doesn’t, warns ASE Global chairman Mike Jones.
Caffyns has reported a profit before tax increase of 30% to £1.5 million, with increases across all areas of the business for its half year ended September 30.
The average UK motor retailer made an average of £73,200 during the plate change month of September, according to the latest ASE figures.
Top AM100 dealer group Pendragon has reported a pre-tax profit increase of 6.6% over Q3 in its latest interim update.
Peoples has posted pre-tax profits up 26.3% to £5.51 million and turnover increased by £31.7m to £236.7m for its results for the year ended July 31.
Lookers has reported continued improvements in all areas of its business during Q3 this year, boosted by a strong September.
Inchcape has revealed in its latest trading update for Q3 that its UK business showed “robust revenue growth” as the group benefited a strong UK new car market.
Arnold Clark reports a 12.3% increase in turnover to £3.27 billion and a 26% increase in pre-tax profits to £107 million for 2014.
For the first time in 2015 UK car dealers have show a year-on-year improvement in financial performance.
Favourable market conditions, dealership acquisition and disposal requests have led dealer profitability specialists ASE to expand its Dealermatch team.
