JCT600 posted a pre-tax revenue of £43 million, down barely by 4.4%, whereas annual turnover elevated by 11% to £1.45 billion.

Return on gross sales was at 3%, though this declined barely from 3.5% in 2021.

The group’s annual outcomes for the yr ended December 31, 2022, acknowledged that whereas its used and new gross sales volumes declined general over the yr, a larger deal with premium mannequin gross sales meant a 20% enhance within the common sale worth per unit.

JCT600’s exit from Stellantis manufacturers with the closure of Vauxhall, Peugeot and Citroen websites in Bradford, additionally performed a component in complete car gross sales volumes decreasing.

JCT600 chief govt John Tordoff, advised AM final yr, that the choice to exit Stellantis got here after the model’s determination to concern two-year termination notices to its whole European retail community as a part of a roll-out of latest company mannequin contracts.

Tordoff stated on the identical time it had offered an exit alternative, ending greater than six a long time of partnership with Vauxhall and virtually 4 a long time with Peugeot.

“We simply stated thanks however no thanks,” stated Tordoff, who added: “Nothing I’ve heard from them since has made me query our determination.

“It’s like a wedding, of kinds. In automobile retail you might have ups and downs but when the connection between the retailer and the producer is powerful, you imagine within the model and so they imagine in you, you’ll each come by it collectively. When that’s not the case, you’re prone to simply need out.”

JCT600 does have progress plans and Tordoff is eager to develop with among the group’s current companions, which embrace Aston Martin, Bentley, Kia, Mercedes-Benz, Porsche, Rolls-Royce and Volkswagen.

New automobile gross sales turnover elevated by 17% in complete, with gross earnings rising by 13%.

Used car turnover elevated by 7.3% and gross revenue marnings decresed by 18%. Nevertheless, this was after a rise in used automobile gross revenue of 26.9% in 2021. This discount impacted the group’s gross revenue margin, which fell barely from 12.9% to 12.6%.

Aftersales turnover elevated by 7.8%, whereas gross revenue marging was maintained. The group stated this was “an distinctive consequence” because of the inflationary strain on technicians’ wages throughout the group.

JCT600 invested £7.1m in premises final yr, with the opening of a solus Ferrari website in Leeds and the acquisition of Caygill Holdings. The deal included a VW van centre in Cleckheaton, a VW van aftersales centre in Leeds and VW used van gross sales and preparation centre in Batley.