RRG Group profit lift

  09 January 2019

Improved results from previously under-performing dealerships saw multi-franchise retailer RRG Group report a stronger bottom line with a pre-tax profit for the year ending 31 March 2018, of £4.6 million against £4.3m 12 months before.

It saw a big drop in corporate sales which fell from £44.9m to £27.9, mainly driven by a £14.8m fall with Kia but both retail sales and service and repairs were steady at £242m and £31m respectively.

RRG has 20 dealerships but made no acquisitions during the year.

Publishing its results, the directors said: “A major contribution to the improved profitability during the year was the turnaround in the results from previously under-performing dealerships.”

imageTags: RRG group

Start your free 14 day trial

Get free access to our Bulletin, Agenda & Profit for 14 days.

After 14 days we will auto bill your credit or debit card unless the order is cancelled.

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