vtu16 May 2012 23:55
"March is the most important month for the profitability of UK motor retail as a consequence of the plate change and its impact on new car demand. UK new car registrations to private buyers ... in March and April increased by 9.1% as consumer confidence recovered - a trend seen from January 2012 onwards," the group's Chairman, Paul Williams, noted, referring to the industry as a whole.
"The group's like-for-like new retail volumes increased by 4.1% and manufacturer targets were achieved at a high level reflecting the strong penetration of the local retail markets. Profitability from new retail sales moved forward strongly as a consequence," Williams added.