The AM100 Dinner highlighted how franchised dealers groups are battling a decline in new car profits with growth strategies for the other departments in their businesses.
AM editor Tim Rose highlighted the challenges and disruption that some dealer groups experienced, especially, due to the transition to WLTP emissions testing. He mentioned declining new car sales and a stable used car sector, which has been an area of focus for many groups.
Daksh Gupta, CEO of top 10 AM100 group Marshall Motor Holdings, gave a brief dealer perspective on the current climate of political turmoil, the challenges facing the sector and potential further consolidation in the dealer market.
The guest speaker, Jo Johnson MP, shared his own views on Brexit and the divisions in parliament, and provided an insightful analysis of the main elements threatening political stability not only in the UK, but also worldwide.
This year saw the introduction of three awards: one linked to the AM100's performance, and two aimed at recognising developing talent in our industry.
The Best Financial Performance Award went to dealer group Hatfields; the Rising Star Award was won by Lily Brassey, new car sales manager, of Sytner Mercedes-Benz of Cheltenham and Gloucester; and the Unsung Hero Award went to Jack Gallagher, parts adviser, of Guy Salmon Jaguar Land Rover Bristol.
The AM100 list features the largest automotive retail groups by turnover. See below the top 10, composed entirely by NFDA members.
|
1 |
Sytner Group |
£6,006,000 |
1 |
|
2 |
Lookers |
£5,131,300 |
3 |
|
3 |
Pendragon |
£4,627,000 |
2 |
|
4 |
Arnold Clark Automobiles |
£4,316,700 |
4 |
|
5 |
Vertu Motors |
£3,035,962 |
6 |
|
6 |
Inchcape Retail |
£2,832,266 |
5 |
|
7 |
Marshall Motor Holdings |
£2,250,301 |
7 |
|
8 |
Jardine Motors Group |
£2,117,885 |
8 |
|
9 |
Group 1 Automotive |
£2,025,357 |
9 |
|
10 |
TrustFord |
£1,738,456 |
10 |
View the full list here https://www.am-online.com/AM100/
