Volumes up at Daf dealer Chatfields
Page 44

If you've noticed an error in this article please click here to report it so we can fix it.
Stock Exchangelisted Daf dealer group Chatfields delivered a good financial performance in 2011, thanks to an increase in volumes
Words: Justin Stanton MIDLANDS AND northern England Daf dealer group Chatfields turned in a robust financial performance last year, boasting an increase in volumes.
Through its eight branches (which, as well as Daf, retail and/or service Renault, Nissan and Ford), Chatfields sold 1,600 vehicles, both new and used, in 2011 compared with 1,400 in 2010. Used volumes increased by 45% on a like-for-like basis. New vehicle volumes increased by 1.6% on a like-for-like basis. This change in the sales mix led to a drop in operating profit from £1.4m in 2010 to £1.1m in 2011.
Total revenue was static at £74.3m (£75m in 2010). New vehicle sales accounted for nearly half of the revenue at £35.2m (£36.1m in 2010); aftersales was a significant contributor at £28.9m (£29.7m in 2010); and used sales delivered a 62% rise in revenue from £5.3m to £8.6m.
National franchise director Wayne Edwards (pictured) tells CM he expects this year to be as tough as 2011. A profile of Chatfields will appear in CM later this month. ■