Top Volvo retailers average profit of £400,000
The top quartile of Volvo’s retailers made, on average, more than £400,000 profit in 2018, with UK managing director Jon Wakefield saying there is the opportunity for more to come.
The overall average is in good shape, too, said Wakefield: “We’ve still got one or two to come in, but we are forecasting it will be well above the £200,000 per site. That is polarised – the top 25% made in excess of £400,000 last year.”
He said that these figures were not only sustainable, but the brand’s current growth (it passed 50,000 sales in the UK for the first time in 28 years in 2018 and is aiming for 60,000 in the coming years) means there is more opportunity.