Lookers highlighted the “resilience and diversity” of its business model as it outperformed the market with a 4% downturn in new car revenues but growth from used cars and aftersales.
Vertu Motors chief executive Robert Forrester has insisted that he is not under pressure from shareholders to deliver growth through acquisition after reporting reductions of 0.9% in turnover and 9.2% in profits in the group’s annual results.
Independent car retailer Cartime is already celebrating a bumper 2017/18 ahead of an anticipated end-of-year turnover of £34 million – 20.5% up on its previous reporting period.
The John Clark Motor Group will grow through the post-Brexit period despite a “ongoing political uncertainty” and a “stable but fragile economy”, according to a statement made following the publication of its 2016 financial results.
Perrys Group has recorded its sixth year of rising revenues in its financial results for 2016 – with revenues up 5.4% to £661.4m.
Champagne flowed as the biggest names in the franchised car retail sector celebrated the fruits of a record year of sales at the 2017 AM100 dinner.
East Anglian dealer group John Grose has hailed "outstanding financial results" as its annual results recorded turnover growth of over 12%.
