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 12 months ended December 31, 2022, said that whereas its used and new gross sales volumes declined total over the 12 months, a better give attention to premium mannequin gross sales meant a 20% improve within the common sale value per unit.

JCT600’s exit from Stellantis manufacturers with the closure of Vauxhall, Peugeot and Citroen websites in Bradford, additionally performed an element in complete automobile gross sales volumes lowering.

JCT600 chief government John Tordoff, advised AM final 12 months, that the choice to exit Stellantis got here after the model’s choice to challenge two-year termination notices to its complete European retail community as a part of a roll-out of latest company mannequin contracts.

Tordoff stated on the similar 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 choice.

“It’s like a wedding, of kinds. In automobile retail you could 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 more likely to simply need out.”

JCT600 does have progress plans and Tordoff is eager to develop with a number of the group’s present 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 income growing by 13%.

Used automobile turnover elevated by 7.3% and gross revenue marnings decresed by 18%. Nonetheless, 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 outcome” because of the inflationary stress on technicians’ wages throughout the group.

JCT600 invested £7.1m in premises final 12 months, with the opening of a solus Ferrari web site 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.