Teesside and North Yorkshire Car retailers Sherwoods grow profits to more than £600,000

The General Motors franchisees said the withdrawal of Chevrolet from the European market posed no concern

Staff at Sherwoods in Stockton
Staff at Sherwoods in Stockton

Car retailer Sherwoods has increased profits after tax to £611,114, its latest set of accounts show.

The North East chain, which operates branches in Darlington, Stockton and Northallerton, revealed it had grown turnover to £61.1m in the year to December 31, 2013 - up from £54.9m the year before.

Sherwoods is the largest privately owned Vauxhall dealer in the North of England and operates its three branches as franchises of the General Motors brand.

The 11% rise in turnover for the group marked a strong year for the car dealers who also offer repair and servicing, along with other ancillary services.

Within Sherwoods’ strategic report, director Alasdair MacConachie OBE said he was confident that new models from Vauxhall would continue to be competitively priced and of a high quality.

The firm said the retreat of Chevrolet, another one of General Motors’ brands, from Europe would not have a significant impact on its sales.

Sherwoods also promised to continue servicing Chevrolet vehicles for its customers despite the action.

The firm employs around 150 staff in the region and offers new and used cars as well as commercial vehicles from its forecourts.

Sherwoods was established in 1928 and is the largest privately-owned Vauxhall retailer in the North.

Earlier this year it was chosen by Vauxhall to be the UK pilot for new initiative dedicated to its Adam small car, investing £75,000 along with unspecified funding from General Motors Europe to create a “sexy” and “trendy” environment in which to sell the new model.

The special showroom allowed customers to use their smart phones and iPads to interact with the vehicle before actually taking it for a test drive.

The new iniative compensated for Sherwoods’ loss of the Chevrolet franchise at Stockton, Mr MacConachie said.

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