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.