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February 9, 2023
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Finance

Yorkshire motor retail posts another year of record sales

Bradford-head quartered car retailer JCT600 is marking another year of record turnover with revenues reaching 1.251 billion, up 2% for the previous year.

Despite falling consideration in new vehicles in great britain car market, JCT600’s strong performance from the retail sector showed only a modest decline, significantly outperforming the market, whilst a strategic target the sales of used vehicles and aftersales provided another year of growth in these key area.

Together when using the rise in sales, the team also saw a noticable difference included in the gross profits which, such as a tight domination over expenses right across the business, provided more the group’s operating profit before exceptional points to 19.A million.

Throughout the year, JCT600 continued to purchase its ongoing programme of new premises and redevelopments having a further 7 million being spent. This included the outlet of your innovative Porsche Centre in Teesside together with major refurbishments at Mercedes-Benz Sheffield and Peugeot Bradford.

Chief Exec John Tordoff said: “Whilst clearly there was definitely a certain amount of uncertainty in england economy recently which made trading conditions an issue, the confidence your customers definitely seems to be resilient.

“Given the force and longevity of your JCT600 name, the organization is continuing to outperform the marketplace while we adhere to our core price of like a ‘Trusted’ partner for that colleagues, customers and our brand partners.”

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