Peoples Ford reports 26 per cent rise in profits

Time 9 years ago

peoplesSCOTTISH dealer group Peoples has reported a 26 per cent rise in pre-tax profits – up to £2.03 million for the year to July 31 2013.

Turnover was up by 1.6 per cent – around £2.36 million – to £146.7 million as new car sales rose.

During the period, Peoples acquired Greyhound Ford in Accrington – adding to Peoples’s other Ford franchises in England and Scotland.

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‘The key issue for me has been the quality of my management team, and the fact that Ford at the moment are probably producing the best product that I can remember, and I’ve been in the business a while,’ Brian Gilda, founder of Peoples told Herald Scotland.

‘So therefore you have a good product, and then you have finance companies and ourselves who are putting together good offers. The public are saying to themselves that they can’t afford to not have a slice of this and I think that’s what’s happening now.’

Jon Reay's avatar

Staff Writer Jon is one of the Car Dealer team's newest members. You can also find him contributing to AOL Cars.

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