Portsmouth, Hampshire (PRWEB UK) 29 October 2013
In a recent survey conducted by MotorTrader (MT), Imperial Car Supermarkets has risen to number 19 in the Top 50 independent used car retailers. The survey identified that there are around 4,550 independent dealers in the UK and used a wide range of criteria to create the top 50.
Neil Smith from Imperial said: “We’re absolutely ecstatic that we placed so highly in the survey. In the last year we’ve increased turnover and adopted a more customer centric approach to the way we do business and the survey shows that we’ve been successful.”
He continued: “Times are still tough out there but our staff and directors have been extremely focused on the development and expansion of the business. I’m so proud of what we’ve achieved and we’ll be striving to get inside the top 10 next year!”
The survey has also highlighted that the used car sector as a whole is in recovery and showing signs of improvement in every way. Looking at the entire industry the survey produced the following statistics:
Turnover for the MotorTrader Top 50 companies ranges from £7.5m to £367m.
The combined turnover of the MotorTrader Top 50 is £2.1bn.
A total of 6.74 million used cars were sold in 2012, a 10-year low for the sector.
The independent used car retail sector has emerged from the recession in robust form with profitability levels significantly up amongst some of the biggest players in the market.
A representative from MotorTrader said: “The sector remains hugely diverse in terms of size and product profile. Independent retailers range from standalone sites to groups with increasingly national aspirations. We estimate the size of the independent universe at around 4,500 sites, most of which are small low turnover single-site businesses, making our focus on the Top 50 players a more representative yardstick for the health and well being of the retail used car sector.”
Notes to Editors.
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