CEM Day turned in the highest return on sales of any dealer group in the Motor Trader Top 200 Dealer Groups.
The group delivered a return on sales of 5.3%. – pre-tax profit as a percentage of sales – to top the charts ahead of Riverside Motors which achieved 5.1%, Mitchell Motors (4.9%), Currie Motors 4.1% and Ingram Motoring Group.
The average return on sales fell for the fourth year running to 0.85%, which is below the pre-pandemic long-term average.
Even the Top 25 by return on sales experienced cuts, although still achieved between 2.1% and 5.3%.
With so many of the MT Top 200 reporting a fall in pre-tax profits, it is unsurprising that the average profit per employee is down compared to last year’s edition at £5,556. The Top 25 for profit per employee, though, managed returns from 2.5 to 6.4 times the average.
Coming out on top this time – and ending Porsche Retail Group’s (40) nine-year run in first place – is Mitchell Group with £35,556 pre-tax profit per employee. Sixteen groups appeared in this Top 25 last year.
Click here to get the full report in the latest issue of Motor Trader.
