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Analysis has discovered that the variety of AM100 motor retail teams which did not document a pre-tax revenue in FY2022 was double the quantity that made losses in 2021, at six.
AM has now launched the 2023 AM100 Report, learning the UK’s largest and most influential automobile sellers and their newest monetary outcomes, and it’s obtainable right here free to learn in a digital format.
It reveals that though the general return on gross sales of the AM100 declined year-on-year to 2.2% from 2.4%, the overwhelming majority of AM100 vendor teams achieved good returns, with earnings fuelled by demand-led automobile markets and cautious price controls.
In a signal of the enhancing provide of latest autos, the AM100’s whole revenues rose to £72 billion.
The analysis additionally discovered an rising range of franchised portfolios for some, significantly with adoption of EV-focused manufacturers similar to MG and BYD.
After some consolidation or break-ups of some main teams, the AM100 additionally has 4 new entrants this time. See the report for particulars.
Editor’s Welcome
It’s nice to see the sector firmly again into development mode after the turmoil of 2020 and 2021. Whereas acquisitions usually make the headlines at AM-online, it’s clearly natural development that comes by way of within the knowledge collated to organize this 2023 AM100 report. And whereas some vendor teams have been rationalising their portfolio of franchised shops, others have been multi-franchising steadily and recruiting to bolster their workforces.
But once more, I’m delighted that the motor commerce specialists at accountancy agency BDO have partnered with AM for the AM100 analysis. BDO’s regional managing companion Steve Le Bas, newly promoted head of motor retail Chris Bond and audit director James Evans have been analysing statutory accounts from 2022 and crunching the numbers to observe the monetary output of the AM100. The place 2022 accounts weren’t but obtainable from some teams, collectively we labored to agree turnover estimates.
We’ve constructed an image of the business’s state of well being in 2022, whereas many are set to shut 2023 with even greater ranges of gross sales.
On this particular subject you’ll see our findings, whereas the principle turnover desk is in the back of the report.
Learn the 2023 AM100 Report right here.
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