<br />
ONLINE WEEKLY<br />
MOTORTRADER<br />
ISSUE 29 THE VOICE OF THE CAR RETAILING SECTOR 16 NOVEMBER 2009<br />
<br />
Dealers reel from<br />
big losses in 2008<br />
John Kirwan<br />
<br />
<br />
CAR profits slammed into<br />
reverse in 2008 as dealers<br />
grappled with the downturn,<br />
taking a hammering on new<br />
car sales.<br />
Over 40 per cent of the<br />
138 Motor Trader Top 200<br />
companies disclosing 2008<br />
figures reported pre-tax<br />
losses, compared to just 9 per<br />
cent of the same groups in<br />
their previous financial year.<br />
Almost half (43 per cent) of<br />
these dealers reported pre-<br />
tax losses, compared to just<br />
9 per cent in 2007 and total<br /ONLINE WEEKLYMOTORTRADERISSUE 29 ONLINE WEEKLYMOTORTRADERISSUE 29 02 NEWSDealers fear salesfreeze until 2011M 02 NEWSDealers fear salesfreeze until 2011MWholesale used carvalues fall in OctoberJohn Ki Wholesale used carvalues fall in OctoberJohn KiTHE VENUEBOOK YOUR PLACE NOW!T THE VENUEBOOK YOUR PLACE NOW!TA Motor Trader & ASE conference MOTORTRADERP A Motor Trader & ASE conference MOTORTRADERP06 NEWSFormer Vauxhall bossheads up GM Europ 06 NEWSFormer Vauxhall bossheads up GM EuropWelcome tothe family. Welcome tothe family.