Fleet News

Dixon reports record 2001 results

Dixon Motors plc today posted record results for 2001, with pre-tax profit up 54.9% to £12.06m on turnover up 16.4% to £817m.

Total car sales rose to 71,548 units, from 63,991 in 2000, and sales from the Carnell and Motorcycle City businesses soared by 68.5% to 23,061 units.

Jamjar Cars, Dixon's online car retailing joint venture with Direct Line sold 5,851 cars last year. The company said it had taken more than 1,100 orders in January this year.

Paul Dixon, Dixon Motors chief executive, said: 'Our focus on volume car brands is working – these are outstanding results.

'We have invested time and resource into innovative new concepts in all areas of the business, such as our unique distribution infrastructure, online offering, investment in CRM and our partnership with Direct Line. In light of proposed changes to the market, they place the group in an excellent position for the future.

'We anticipate a strong performance in 2002 and beyond.'

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