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Yes Car Credit to expand used outlets to 30

Yes Car Credit is to expand its retail network to 30 outlets by the end of the year, securing its place among the top five used car retailers by volume – including franchised dealers – in the UK.

The news follows the opening in Liverpool this month of Yes Car Credit’s 28th showroom. A spokesman confirmed that plans for at least two more sites are in the advanced stages.

The business, purchased in December 2002 by Provident Finance and with 1,400 employees, reported a turnover of £260m last year (which would place it in the AM100 top 30) with profits amounting to £11m from volume sales of almost 40,000 units. Such figures also put it among the top five used car retailers in the country.

Yes Car Credit specialises in supplying two- to four-year-old cars to customers with a credit history who would otherwise find it difficult to obtain motor finance. Buyers apply via a call centre or online before being invited to their nearest showroom to choose a car that suits their needs and budget.

The company wouldn’t reveal exact details about its remaining plans for the year, except to say a “substantial” investment was being made in its nationwide used car network.

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