John Clark Motor Group see turnover and profits increase

John Clark Motor Group see turnover and profits increase

19/09/2011 in News, All News, Dealer News

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John Clark Motor Group see turnover and profits increase

The John Clark Motor Group has seen turnover increase by 10% to £281 million and pre-tax profits increase from £1.7m to £3.1m in 2010.

New vehicle sales increased by 5% during 2010 to almost 6,000 units. Used car sales were down 4% on the previous year, reflecting the market conditions, but margins were improved.

John Clark, chairman and managing director of the John Clark Motor Group, said: “These results build on the achievements of 2009.

“We ended 2010 with a record profit for the group and much improved liquidity. This puts us in a strong position for further development in the business.

“Particularly against the background of the recession, it was also most encouraging that 2010 was the fifth successive year when turnover growth was achieved across each of our service, body repair and parts operations.”

Clark put much of the success of the group down to the performance of its dealership staff and the management team.

He said: “Over the years we have maintained a continuing commitment to apprenticeship schemes and training programmes and, in 2010 we became the first Scottish Group to implement the Institute of the Motor Industry’s management accreditation programme.

“Through this we are already investing in the next generation of our management team.”

The top 30 AM100 dealer group continues to focus on the north and east of Scotland and is looking to develop and extend its partnerships with its existing franchises.

During 2010 the group was awarded the Skoda franchise for Dundee. Its new Specialist Cars Skoda dealership opened in the city in January this year.

Clark said: “We were also successful in securing the expanded Land Rover franchise for the whole of Edinburgh and the Lothians.

“Work is progressing well on a new £6m dealership for Pentland Land Rover at Newbridge and this is due to be completed for the launch of the extended franchise at the end of 2011.

“Further projects are being discussed with manufacturers we represent and the group is well placed to pursue these opportunities as they arise.”

Clark expects the end of the current year to remain challenging but believes the group’s performance to date has been “satisfactory”.

He said: “Over the last two years our balance sheet has been strengthened giving us both the structure and the financial resources to take advantage of any future opportunities.”

The John Clark Motor Group is Scotland’s fourth largest motor group with 679 employees. The group represents BMW, Mini and Audi in Aberdeen and Dundee, Volkswagen in Aberdeen and Fife, Skoda in Aberdeen and Dundee, Seat in Aberdeen and Land Rover in Edinburgh. In addition the group holds the Volkswagen van franchises in Edinburgh and in Aberdeen which has recently been relocated to the Clark Commercials site in Dyce.


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John Clark Motor Group

The John Clark Motor Group is a family owned and run business employing more than 900 people.

The group represents BMW, Mini, Audi, Volkswagen, Skoda, Seat, Land Rover, Nissan and Jaguar.

In addition the group holds the Volkswagen van franchises in Edinburgh and in Aberdeen which has recently been relocated to the Clark Commercials site in Dyce.

Its strategy is focussed on the north and east of Scotland.

It also has a car hire and leasing business - John Clark Leasing and Clark Commercials, an independent commercial vehicle dealership.

Chief executive, John Clark started the business 35 years ago with a single sports car dealership, specialising in the sale of used Lotus and Reliant Scimitar sports cars.

In 2010 it was the first Scottish Group to implement the Institute of the Motor Industry’s management accreditation programme.

2012 financial results showed increased pre-tax profits of 15.8% from £3.8 million to £4.4m.

The Scottish group also saw turnover increase from £308m to £354m and operating profit before interest increased by 12% in 2012 to reach £5.7m.

The volume of both new and used vehicle sales grew during 2012. The company reported a 20% uplift in terms of new vehicle sales to 8,483 units sold during 2012.

The used car results increased by 17% to 7,079 vehicles over the same period.

In June 2013 it bought four dealerships in Scotland from Pendragon representing the Land Rover and Jaguar franchises for an undisclosed sum.

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Turnover

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Profit before tax

Gearing

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