Motor Trader

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Perrys sees profits up 37% to £2.6m despite headwinds

1 day ago | motortrader.com | John Kirwan

Perrys Group recovered its mojo in 2024 with pre-tax profits up 37% to £2.6m on turnover down 3.2% to £768m. Overall, gross profit increased by 3.8% to £93.3m, while operating profit increased from £5.2m in 2023 to £6.1m in 2024. The results were set against a particularly challenging 2023. It said the new car market proved difficult, particularly for Ford and Vauxhall vehicles. Payroll costs came under pressure during the year, but the group reduced costs in utilities.
Motor Trader names top 10 dealer groups with highest return on sales

1 day ago | motortrader.com | John Kirwan

Home » News » Latest News » Motor Trader names top 10 dealer groups with highest return on sales in Latest News CEM Day delivered the highest return on sales in the just published Motor Trader Top 200 Dealer Groups. The group, which is ranked 62 in the survey with survey with turnover of £248.9m and pre-tax profit of £30.2m, served up a return on sales of 10.5%. Report author Chris Oakham said: “CEM Day achieves this amazing rate of return through its diversity of motor-related businesses to...
Van sales show ‘no sign’ of hitting ZEV targets

1 day ago | motortrader.com | John Kirwan

After 18 months of the ZEV Mandate, some progress has been made on electric car sales, but van targets seem miles from market reality.
Arnold Clark takes on Maserati in Glasgow and Manchester

2 days ago | motortrader.com | John Kirwan

Arnold Clark is to represent Maserati for the first time with dealerships in Glasgow and Manchester. The Maserati representation brings the total number of car brands on Armold Clark’s books to 33. Models on display include the Grecale, a mid-sized SUV, available in both petrol and electric form, the four-seater GranTurismo coupé, GranCabrio and the MC20 supercar. Callum Rankin, group brand director at Arnold Clark, said: ‘We’re proud to welcome Maserati to the Arnold Clark family.
Van dealers grind their way through May with sales falling 12%

2 days ago | motortrader.com | John Kirwan

Van dealers went through the grinder again in May with sales down -11.8% in May to 22,796 vehicles. It was the worst May performance since 2022 and marked a sixth consecutive month of decline with businesses holding back on fleet renewals. Demand shrank for new vans of all sizes, with the largest models down -14.0% to 14,652 units, while deliveries of medium sized vans fell by -9.2% to 4,065 units and the smallest vans by -7.8% to 673. Only the new 4×4 segment saw growth, up 36.9% to 716 units.
FCA outlines next steps for potential motor finance redress scheme

2 days ago | motortrader.com | John Kirwan

The Financial Conduct Authority (FCA) today issued a statement setting out some of the things it needs to consider if it were to introduce a redress scheme as part of its review into motor finance commission arrangements. The Supreme Court has yet to make a judgement on the issue. In March, the FCA said that if, following the outcome of the Supreme Court judgment, it concluded motor finance consumers have lost out, it’s likely that it would consult on an industry-wide consumer redress scheme.
Porsche Retail Group delivers highest profit per employee

2 days ago | motortrader.com | John Kirwan

Home » News » Latest News » Porsche Retail Group delivers highest profit per employee in Latest News Porsche Retail Group, the factory owned dealer turned in the highest profit per employee in the Motor Trader Top 200 Dealer Groups. The profit per employee was £65,189 in the rankings although this was substantially lower than the £76,755 delivered last time. It was followed by CEM Day which delivered £52,467 per employee. In third slot was McLean & Appleton (£34,867), followed by Gravells...
PRG boss Adam Flint welcomes new London centres into group

2 days ago | motortrader.com | John Kirwan

Porsche Centre South London and Porsche Centre East London were officially welcomed into the Porsche Retail Group last weekend. The dealerships were sold by Lithia to the factory owned dealer group last yearCommenting on LinkedIn, Porsche Retail Group MD Adam Flint said: “I’m pleased to share that as of Saturday, Porsche Retail Group has officially welcomed Porsche Centre South London and Porsche Centre East London into the PRG family.
May new car sales: Winners & Losers

2 days ago | motortrader.com | John Kirwan

The UK new car market saw some brands turn in strong performances while others struggled in the current difficult retail climate. Chinese brand BYD continues to lead the market in terms of growth with a fourfold increase in sales to 3,025 models for the month. It was followed by Polestar which saw registrations surge 274% to 1,173 cars while Jeep was up 265% to 1,083 units. In terms of growth and from a low base Genesis saw sales double to 169 units for the month.
Fleet sales +3.7% drive new car market in May, retail sales down -2.3%

2 days ago | motortrader.com | John Kirwan

The UK’s new car market returned to growth in May, as registrations rose 1.6% to 150,070 units,According to the Society of Motor Manufacturers and Traders (SMMT), which released the data, it was the best May performance since 2021, but still -18.3% lower than in pre-pandemic 2019.