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.