Dealer groups turned in a strong performance in the 2014 MT Top 200 survey published in the November issue of Motor Trader.
The combined pre-tax profit for the Top 200 dealers surged 29% to £722m on turnover up 12% to £52bn. The return on sales for the 2014 MT Top 200 averaged 1.3%, a marked improvement on the performance in the 2013 report when the average was just 0.9%.
Pendragon retained its position as the largest dealer group with increased sales of £3.85bn. It accounted for 7.4% of the total MT Top 200 combined turnover of £52bn. Pendragon chief executive Trevor Finn said: “2014 is certainly shaping up to be a momentous year as the accolades keep coming and we also celebrate our 25 year anniversary as a publicly listed company.
“As always, it’s a great honour to come first in Motor Trader’s Top 200 list. Successes like this don’t just happen, it’s down to the hard work and dedication of a talented team that, as a business, we continue to grow and lead the market and that is what we’re most proud of,” he said.
Second placed Sytner, which is owned by Penske in the US, grew revenue by 8% year on year to £3.2bn, and raised pre-tax profit by 18% to £64.7m. Arnold Clark, in third slot, had a record year in 2013 with pre tax profits surging 41% to £85.2m on turnover up 17.5% to £2.9bn.
Lookers, fourth, turned in a strong performance in 2013 with pre tax profits up 27.9% to £43.9m on turnover up 19.4% to £2.46bn.
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