Peoples Motor Group is delighted to announce pre-tax profits of £1.6 million, defying the economic downturn and seeing our second most successful year since our establishment 28 years ago.

The 2.2% increase in sales over the previous year largely came from an improvement in the fleet and business-to-business sector and resulted in a £3.1 million growth in turnover to £144.3 million. Peoples’ chairman, Brian Gilda, said,

“By any standard, this was an impressive result against the background of the deepening economic gloom. Higher unemployment, pay freezes, the Eurozone crisis, record petrol and diesel prices, all contributed to what was a difficult and challenging year.

“Despite the uncertain economic conditions, the management and staff of Peoples were determined not only to ride out the storm, but deliver the best possible results. This we undoubtedly did.”

Peoples has invested heavily in our facilities and staff over the past year, using some of the previous year’s profits to rebuild the Speke dealership opposite the John Lennon Airport and upgrade our IT, telecoms and customer relationship management systems in order to provide unprecedented levels of advice and support to our customers.

Although Brian Gilda expects 2012 to be a challenging year, Peoples is well prepared for it. An investment into leading class aftersales technology will ensure Peoples can continue to look after our customers, and with the innovations planned for the Ford range in 2012/13, including a zero-emissions Transit Connect Electric model, we expect interest in Ford’s products to remain high.

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