Oxford car dealer reports turnover fall despite higher sales

Summarised from 2 outlets · Updated 9 Oct, 16:49 · Archive

North Oxford Garage Limited saw turnover fall nine per cent to £104.3 million in the year to December 2025.

North Oxford Garage Limited, which operates the North Oxford BMW at Wolvercote Roundabout and North Oxford Mini at Long Hanborough, reported a nine per cent drop in turnover to £104.3 million in the year ending 31 December 2025, down from £115.3 million in 2024. Despite the fall in reported turnover, vehicle sales volumes increased and gross profit rose to £13.2 million, a gross profit margin of 12.6 per cent compared to 11.3 per cent the previous year.

The company attributed the decline to a change in Mini's sales model from a wholesale arrangement to an agency agreement. Under the agency model, the company recognises only the associated handling fee as revenue rather than the full value of vehicle sales. The company stated: 'The reduction was largely attributable to the change in the sales model for MINI from a wholesale arrangement to an agency agreement' and stressed that 'the reduction in reported turnover does not reflect a corresponding reduction in sales activity'.

The directors reported a trading loss for the year, with performance below internal budgets. Operating expenses remained similar to the previous year as the company focused on cost control. The pre-tax loss narrowed slightly to £341,000 compared to £343,000 in 2024. The company said it believed 'the actions taken during the year provide a stable platform for future trading, supported by the strength of the BMW, Mini and BMW Motorrad brands and the company's established customer base'.

How it is being reported

• Bosses at busy car dealership 'disappointed' at drop in turnoverA busy Oxford car dealer has reported a "disappointing" drop in turnover in its latest financial results.Oxfordshire Guardian · 9 Oct, 16:00
• Bosses at busy car dealership 'disappointed' at drop in turnoverA busy Oxford car dealer has reported a "disappointing" drop in turnover in its latest financial results.Oxford Mail · 9 Oct, 16:00

In this story: North Oxford Garage Limited · North Oxford BMW · North Oxford Mini · Oxford · Wolvercote Roundabout · Long Hanborough

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