Vines had a challenging time in 2025 delivering a loss of -£715,798 compared to profits of £525,000 the prior year on turnover down 0.98% to £210.7m.
In accounts filed at Companies House it said conditions remained challenging with subdued demand for private buyers as they faced cost-of-living pressures and higher borrowing costs.
It said the shift to electrification continued but the gap between mandated supply and underlying consumer demand continued to weigh on prices and margins across the sector.
“More broadly, the sector faced continued economic uncertainty, including inflation, interest-rate volatility, and weaker consumer confidence.
“Higher costs across labour, energy, and supply chains further intensified competition throughout the year.
In response Vines implemented a “wide ranging operational change programme,” including changes in senior management personnel across all centres.
“The early indicators are that this programme is delivering improvements in performance and we expect the business to return to profit in 2026.
“The overall unit sales volume for the business was 6,239 (2024 — 5,983), representing an increase of 4.3% year on year.
“This growth was primarily driven by new vehicle performance, with new vehicle volumes increasing to 2,772 units (2024 — 2,507), an uplift of 10.6%.
Used vehicle volumes were 3,467 units (2024 — 3,476), broadly in line with the prior year.
Vines said the transition to the MINI agency sales model reduced turnover £14.5m in 2025; without this the Company would have reported top line growth.
