Motors group Jennings has unveiled a 17.35% rise in turnover for last year in accounts released today.
The group, one of the North East longest-established car dealerships, said turnover rose to just over £145.8m from £124.3m.
Gross profit also rose by 12.88%, from £13.2m to £14.9m.
Managing director Nas Khan said the year started well, and sales of Ford vehicles represented 58.3% of total turnover. Used car prices also held their values.
He added: “This, together with restructuring of the group’s operations, as well as increased efficiency in staffing levels in many departments, help produce what can only be described as a veryn good result for 2013.
“The strength of the new car market helped all of our franchises to produce a very positive result for the year.”
Last summer, Jennings bought a site in what is becoming known as Teesside’s motor alley and a Kia franchise in Preston Hall Farm, Stockton, subsequently opened in September, creating 20 jobs.
Khan added: “2014 has started reasonably well although early indications suggest it may not be as strong as 2013. The commercial operation in Gateshead is to be redeveloped and, subject to planning permission, a new five-van showroom is planned.”
Jennings employs 388 staff across branches located at Middlesbrough, Stockton, Gateshead, South Shields and Washington.