Arnold Clark drives up turnover to record levels
Car dealership giant Arnold Clark Automobiles has reported record turnover for last year amid “exceptional” acceleration in the sale of used vehicles.
The group said used car sales rose by 10.8 per cent to more than 175,500 units, buoyed by the opening of news sites and bringing total sales to £3.35 billion.
Pre-tax profit rose 2.2 per cent to £110.3 million, although new vehicle sales fell 8.4 per cent to 83,813 units, “largely a result of a large fleet contract that was not renewed due to the significant amount of working capital tied up in the agreement”.
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