Fleet News

New cars help Dagenham Motors to half-year record

BRITAIN'S largest Ford dealership group, Dagenham Motors, has reported record interim results for the six months to June 30 despite the 1998 slide in used car values. The company, which has 10 dealerships, saw pre-tax profits increase 7.4% to £3.04 million (1997: £2.83 million) on turnover up 11.6% to £162 million (1997: £145.23 million) largely as a result of increases in new car sales.

Dagenham said the bulk of the rise in new car sales went into the retail sector which it attributed to the combination of 'fine products' and competitive new car offers. The company said that demand for used cars at the right price remained strong.

The group's sales of new commercial vehicles remained at 1,356 units with reduced sales within the commercial vehicle division being offset by increased sales of commercial vehicles from the car division. Used commercial vehicle sales fell 17.8% to 198 units. Contributions from the accident repair division forged ahead with a 25% increase in sales volume producing a 50% increase in profit.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee