€1.7m profit at west of Ireland motor dealership

Pre-tax profits at one of the largest motor dealerships in the west of Ireland last year increased by 14% to €1.7m.

The Galway-based, Al Hayes Motors Ltd is a main dealer for the Volkswagen and Mitsubishi brands. The Portumna firm saw the rise in profits after revenues rose to €33.46m in the year to the end of October last.

The firm benefited from Volkswagen having the second largest new car market share last year with almost 12% of all new cars sold trailing marginally behind Toyota and ahead of Ford.