Marriott Motor Group battled with increased costs and reducing margins in 2024, turning in losses of £39,698 compared to £1.15m the prior year on turnover down 1.2% to £195.2m.
New vehicle turnover increased by 10.8% largely driven by a 6% increase in new car volumes.
Used vehicle turnover reduced by 10.6% due to declining volumes and lower average transaction values.
Gross profit was down by 2% due to reduced new and used car profitability. Aftersales gross profit was maintained at the prior year level, according to financials posted at Companies House.
“Loss before taxation of £39,698 was significantly down on the prior year despite performance and efficiency gains in many areas of the business.
“With increasing costs and reducing margins the company is continuing to focus on operating from a reduced footprint to maximise site utilisation and efficiency.
“As part of this focus the Volkswagen Authorised Repairer site in Stowmarket was closed at the end of the year, with the activities being absorbed into neighbouring full centre operations.
The company was awarded the Audi Medium Sized Dealer Group of the Year for 2024. This award is based on a varied selection of metrics covering departmental performance and customer feedback.
Marriott is a family-run company with over 100 years of experience in the transport sector, representing brands including Audi, Volkswagen, Škoda and GWM ORA across East Anglia.
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