Listers Group profits took a hit in the year to 31 March 2026, down -14.8% to £12.7m on turnover down -2.8% to £1.305bn.
In Accounts filed at Companies House, it said the most significant profit contributions came from its Land Rover, Lexus and Volkswagen divisions.
During the period it saw a year on year cut of -1.9% in the number of vehicles sold, including agency sales, with new vehicle sales, including agency sales, down by -1.5% and used vehicle sales decreasing by -2.7%.
Listers said the migration from franchise agreements to agency agreements for certain brands was the most significant factor in the decrease in overall group turnover.
The group’s overall gross profit margin increased to 15.1% (2025: 14.7%) due to reduced new vehicle sales, migration from franchise to agency agreements, and a 3% increase in aftersales turnover and improvements in aftersales and agency sales margins.
It added that inflationary, taxation and regulatory pressures outweighed the moves it made to reduce variable costs and cost control measures.
During the year the group signed up with MG and now represents the brand in Northampton and Solihull.
Listers commented on the current Financial Conduct Authority (FCA) position on motor finance redress with director saying it is “possible but not probable” that a future outflow may occur related to the redress.
“As a result, no liability has been recognised at 31 March 2026. The directors’ current expectation is that if there were to be an outflow, it would not be material.”
