Porsche Retail, the factory-owned dealer group, is to open a new Porsche Centre in Guildford towards the end of 2024.
Porsche Retail managing director Adam Flint said the building programme was entering the next phase with staff working on site despite the building works.
“As the redevelopment at Porsche Centre Guildford enters its next phase, it’s great to see the final steel structure moving towards completion and from there the full fit out of the Centre can begin.
“The team have done exceptionally well to operate the business on-site during the build, and we’re extremely excited about opening our new Destination Porsche Centre and welcoming customers, colleagues and Porsche enthusiasts from Q4 2024,” he posted on LinkedIn.
Porsche Retail turned in a strong performance in the year to December 2022 with pre-tax profits up 38% to £22.6m on turnover ahead 31.7% to £421.7m.
In terms of turnover it is ranked 39 in the Motor Trader Top 200 Dealer Groups. Employing 294 staff, it delivered the highest profit per employee (£76,755) of any dealer group listed in the Top 200
The group saw a surge in new car retail sales to 2,804 compared to 2,037 in 2021 which had been hit by the semi-conductor crisis.
Used car sales hit 1,802 units compared to 1,521 units the prior year, according to accounts filed at Companies House.
Porsche is a wholly owned subsidiary of Porsche Cars Great Britain with five Porsche Centres in Guildford, Hatfield, Mayfair, Reading and West London.
