Dealer group Drive Motor Retail saw a sharp fall in profits last year despite posting strong revenues. Gross profit rose 4.1% to £51.6m, although operating profit slipped to £5.68m from £5.90m as administrative expenses climbed to £45.9m. Used car sales also rose by 6%, while aftersales turnover increased by 4%. During the year, Drive Motor Retail expanded its operations after acquiring Marshall of Ipswich Limited adding a Peugeot franchise in Hartlepool and progressing redevelopment work at its Darlington dealership. Drive Motor Retail operates franchises with Stellantis, Hyundai and MG, with dealerships in the north east, south west, East Midlands, Yorkshire and the Humber, Hampshire and Suffolk areas.