The company saw new car sales grow more than 17% on a like-for-like basis to reach a total of 12,394 and used cars sales 20% (14,821), but chief executive Paul Dixon admitted the vagaries of the used car market had presented a challenging second quarter with supply exceeding demand in the nearly new sector and a resulting 'significant fall' in residual values.
Meanwhile, Dixon Motors, which has 57 car dealerships and 11 motorcycle centres, has benefited from an increasing popularity of motorcycles and mopeds with a resulting 32% rise in sales in the first six months of the year. The company said it expected the trend to continue - particularly mopeds and other commuter bikes - as people looked for alternative and more economical modes of transport.
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