Eastern Western Motor Group in £11.9m profit
07 October 2020
Scotland’s Eastern Western Motor Group recorded an £11.9m profit before tax for the year ended 31 December 2019 on turnover up 10% from £699m to £770m. The multi-franchise retailer said like-for-line new car sales were up 11% in a Scottish market down 5.4%, with used cars up 6% and aftersales up 10%.
However, Covid-19 has had a material impact in early 2020 with significant losses incurred.
The pandemic “exposed a weakness in the online capabilities of many car retailers… although the Group has the skills and resources to develop its own online model, it is felt the adoption of manufacturer solutions would provide better ‘brand experiences’.”
It is now working on an interim solution.
Tags:
Eastern Western 
Why Subscribe?
As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:
- Get informed and boost your business potential
- More than 1,200 fellow executives have joined us since launch
- Independent, carefully crafted, unique content relevant to you and your business
- Develop a greater awareness of market trends and opportunities
- Access to a wide range of materials whenever, wherever and however you want it
- Significant discounts on ARN events, reports and other publications
