Currie Motors boost profits
Growing demand for hybrids as drivers switch from diesel helped Toyota and Lexus retailer Currie Motors to a second consecutive year of strong growth.
Filing its accounts to the year ended April 30, 2018, the company reported operating profits from its retailing and car rental business of £1.5 million, up 8% on 2017’s figures.
In its strategic report, the directors said: “Operating profit is up, driven by an increase in new car sales. This is due to the increased desirability of Toyota’s Hybrid technology as environmentally concerned consumers move away from diesel vehicles.”
During the year it closed the SEAT operation at Barnet as the group found an alternative use for the site and in February opened an extra car rental outlet at Waltham Abbey.
