The pre-tax profits of a Northampton-headquartered car dealership group increased in its most recent fiscal year, despite the impact of the Covid-19 pandemic on business.
Bells Motor Group reported pre-tax profit of £ 1.4million for the year ended December 31, 2020, up from £ 1million in 2019.
This despite a drop in turnover from £ 79million to £ 65.7million.
Bells operates Volvo and Kia dealerships in Northampton and Bedford.
New Volvo sales fell 31.9% in 2020, while Kia sales fell 24.7%. In addition, used vehicle sales fell 17.5 percent.
A statement signed by Managing Director Clive Bell said: “It was a year when personal health took precedence and protecting our NHS in the UK was essential to saving the lives of many. Business, at in many ways, were secondary to all of the above, with an emphasis on protecting staff and customers while running the business during the Covid-19 pandemic.
“With the pandemic far from over, I will continue to be attentive and react quickly to the daily challenges surrounding Covid-19, to limit the risks for my team and all our clients, to allow us to continue to negotiate these different times. .
“I would like to express my sincere thanks to my entire team at Bells, as well as to Volvo and Kia, who have supported this company over the past 12 months. The company has learned a lot during the pandemic, with all departments being rebuilt. , with new procedures and directions to enable us to continue to deliver strong business results in these difficult times. “