PAROT Group: Turnover down 4.4% in the first half of 2024

The PAROT Group, French specialist in automobile distribution, posts a turnover of 194.2 million euros for the first half of 2024, down 4.4% compared to the same period in 2023. Didier Chabrier, president of the group, notes a recovery in the second quarter with a 6% increase in volumes, supported in particular by used vehicles (VO) and services.

The passenger vehicle (PV) segment posted a slight decline of 1.2%, with a 13.5% decrease in new vehicle (NV) volumes. On the other hand, used vehicle volumes increased by 3.8% over the half-year. Service activities recorded growth of 8.5%.

For commercial vehicles, VN volumes fell by 8.5%, impacted by heavy goods vehicles, down 38.6%. Service activities continue to grow with an increase of 8.2%.