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New site investment drives Ingram Motoring Group's pre-tax profits fall

INGRAM Motoring Group has seen a fall in profit in spite of a £5.3 million increase in turnover.

The motor dealer – which has Hyundai, Skoda and Volks-wagen franchises in Ayr – saw pre-tax profits dwindle to £23,975 in 2012, from £57,387 the previous year.

The decline was attributed to capital spending of £574,707, up from £59,775, with much of that going on buying a new site then relocating the body shop and paint operations there.

Contextual targeting label: 
Automotive

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