Profits steady at auto retail group

16 January 2019

Multi-franchise group Marubeni Auto Investment (UK), the parent company to Norton Way and RRG (which revealed its results last week), saw profits holding steady last year among its 27 dealerships with retail sales and aftersales both showing slight increases but fleet sales fell. The company made a pre-tax profit of £6.2 million (£6.3m in 2017) on turnover of £541m, up from £530m.Stronger performances at its Mazda and Kia sites helped Norton Way Motors boost turnover to£239m (£214m) and make a pre-tax profit of £3.1m (£3.0m) and as reported here last week, RRG Group made pre-tax profits of £4.6m against £4.3m 12 months before.

Tags: Marubeni Auto Investment, Norton Way Motors, RRG group

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