Monday, October 16, 2006
MG Rover collapse still hurts Macrae & Dick
Scottish dealer group Macrae & Dick saw its sales and profits for 2005 take a dive on the back of MG Rover’s collapse.
The Inverness based group, ranked 90 in the Motor Trader Top 200, saw turnover drop by £1m to £126.3m last year, with pre-tax profits down by more than half at £1.1m.
The company blamed MG Rover going into administration, which it claimed resulted in a 0.8 per cent fall in turnover and also impacted on profits.
The group runs Land Rover, Jaguar, Honda and several Ford sites as well as BMW and Mini through its Menzies dealerships.
DATED: 16.10.06
FEED: MT
The Inverness based group, ranked 90 in the Motor Trader Top 200, saw turnover drop by £1m to £126.3m last year, with pre-tax profits down by more than half at £1.1m.
The company blamed MG Rover going into administration, which it claimed resulted in a 0.8 per cent fall in turnover and also impacted on profits.
The group runs Land Rover, Jaguar, Honda and several Ford sites as well as BMW and Mini through its Menzies dealerships.
DATED: 16.10.06
FEED: MT
