Motor Traders profits on the rise in 2010

Car Dealers have reported an average profit rise of eighteen and a half percent during the first half of 2010, when compared to the same period in the previous year. The latest figures support the feedback from many motor traders that a fledgling recovery is underway in the vehicle sales sector of the economy.

This result is doubly impressive when the wider economy is experiencing much slower growth than the figures achieved by car dealers. However the confidence that the year-on-year improvement will continue to gather momentum is lacking. In the second half of 2009 vehicle sales were driven forward by the popular scrappage scheme introduced by the government. The predictions for the later half of the year are considerably more modest.

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