MT reveals top dealer groups with most increased profits
The just published Motor Trader Top 200 reveals the Top 30 dealers who have increased profits the most.
Inchcape UK tops the bill, having added £21.2m to its profits in the most recently published figures.
The UK arm is being sold by Inchcape to Group 1 in a deal that is expected to get the go ahead later this year.
In second place for most improved in terms of profitability was Group 1 in the UK which increased profits by £16.8m year on year.
CEM Day was in third, upping profits by £9m while factory owned Porsche Retail Group delivered a £9m improvement in profits. In fifth place was TC Harrison Group, which improved its profits by £5.2m.
Overall, the Motor Trader Top 200 Franchised Dealer Groups continues to grow. Total turnover is £81.3bn compared to £75.1bn in the 2023 survey.
“Profitability has fallen to £1.8bn from £2.048bn last time. Return on sales – the straight average pre-tax profit as a percentage of sales – has fallen to 2.25% compared to 2.87% last time.
“And the straight average pre-tax profits per employee has fallen to £13,806 from £16,183 in the in the 23 survey,” said report author Chris Oakham.
| Inchcape Retail | 27,777 | 6,539 | +21,238 |
| Group 1 Automotive UK | 61,353 | 44,566 | +16,787 |
| CEM Day | 32,790 | 23,724 | +9,066 |
| Porsche Retail Group | 22,566 | 16,348 | +6,218 |
| TC Harrison Group | 9,541 | 4,292 | +5,249 |
| Cambria Automobiles | 26,184 | 21,752 | +4,432 |
| Marsh Wall | 12,035 | 8,487 | +3,548 |
| Steven Eagell | 29,179 | 25,811 | +3,368 |
| WH Bowker | 12,121 | 9,325 | +2,796 |
| Halliwell Jones | 16,972 | 14,323 | +2,649 |
| Cotswold Motor Group | 7,858 | 5,484 | +2,375 |
| Jardine Motors Group (Lithia) | 31,028 | 28,859 | +2,169 |
| Johnsons Cars | 12,950 | 10,829 | +2,121 |
| John Grose Group | 8,334 | 6,266 | +2,068 |
| Toomey Group | 8,587 | 6,535 | +2,052 |
| Foray Motor Group | 4,686 | 2,788 | +1,899 |
| Vines | 5,748 | 3,933 | +1,815 |
| Hendy Automotive | 14,503 | 12,878 | +1,625 |
| City West Country | 8,563 | 6,956 | +1,607 |
| Lloyd Motors | 24,357 | 22,819 | +1,538 |
| Currie Motors | 25,179 | 23,672 | +1,507 |
| John Clark Motor Group | 25,313 | 24,057 | +1,255 |
| William Morgan Group | 5,562 | 4,307 | +1,255 |
| Paul Rigby | 3,400 | 2,234 | +1,166 |
| Listers Group | 40,501 | 39,375 | +1,126 |
| Note: 1.) This table is based solely on those businesses for which figures were available excluding estimates. | |
| 2.) This tables only includes those groups reporting reporting from June 2022. | |
| 3.) The results do not include increases from previous losses. | |
| 4.) These results do not generally take account of exceptional profits in the latest year/expenses in previous | |
| year, although some groups were excluded where particularly large ‘exceptionals’ were noted. | |
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Source Link: https://www.motortrader.com/motor-trader-news/automotive-news/mt-reveals-top-dealer-groups-increased-profits-10-06-2024
MT reveals top dealer groups with most increased profits:
The just published Motor Trader Top 200 reveals the Top 30 dealers who have increased pr…
MT reveals top dealer groups with most increased profits
The just published…
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