Monday, June 20, 2016
PREMIUM AUTO RETAILER SEES RECORD GROWTH
Williams Group, a North East of England auto retailer, has recorded what it called a “strong trading performance in 2015” as its financial results for the year ended 31 December 2015 highlighted an improved year-on-year performance from all areas of the business. Gross profit in 2015 for the BMW, Mini, Jaguar and Land Rover retailer was £43.8 million, up from £38 million in 2014.
Against a backdrop of rising UK registrations, Williams also saw a rise in fortunes as the company’s BMW division registrations were up14.4 percent against a market increase of 12.4 percent. Retail sales growth of 12.3 percent was attributed to a combination of the attractiveness of PCPs, low interest rates and strong brand residuals. Mini registrations were said to be in line with the market, while retail sales grew by 21.8 percent thanks to OEM incentives. Land Rover, its BMW motorcycle operation and corporate sales all performed above expectations, with the latter delivering a 22.2 percent increase in sales (1,941 up from 1,588) over 2014.
DATED: 20.06.16
FEED: ARN
