Oxford Car Dealer Reports Trading Loss Despite Increased Sales Volume
What happened
North Oxford Garage Limited, which sells BMW and Mini vehicles in Oxford, reported a trading loss for the year ending December 31, 2025. Turnover fell by nine per cent, dropping from £115.3 million in 2024 to £104.3 million in 2025, even though vehicle sales volumes increased. The company noted that the reduction in turnover was largely due to changing the sales model for Mini from a wholesale arrangement to an agency agreement.
From oxfordmail.co.uk
Why it matters
Under the new agency model, the company recognizes only the handling fee as revenue rather than the full value of the vehicle sale. This change in revenue recognition explains the drop in reported turnover, despite the increase in sales activity. Gross profit still rose slightly to £13.2 million, reflecting a 12.6 per cent margin.
From oxfordmail.co.uk