John Clark Motor Group turned in a solid performance in 2024 with pre-tax profits falling 17% to £19m on turnover up 3.9% to £1.07bn.
New vehicle sales grew 15% to 15,468 units, used vehicle volumes rose 7% to 19,698 units and aftersales revenues increased by 9% to £103.8m,
The company said despite “challenging used car market conditions” in late 2024 and rising interest costs, it delivered a solid performance with EBITDA of £35.2m and operating profit of £25m. The group ended the year with £20m in cash at bank.
During the year it expanded with MG, taking on a second dealership, added Kia to its portfolio and completed redevelopment works in Aberdeen to expand Skoda, Seat, and Cupra dealerships.
It also opened a Volkswagen facility in Dundee in March 2025, consolidating Skoda, Seat, Cupra, and Volkswagen Commercial Vehicles.
Average staff headcount rose to 1,385 from 1,355 reflecting both expansion and the Group’s ongoing investment in people.
Following year-end, it acquired a freehold property in Stirling to relocate its Land Rover dealership and continued development in Dundee to support the expansion of both MG and BYD franchises.
Managing director Chris Clark said: “Despite market headwinds, we have once again demonstrated our ability to adapt quickly and deliver robust results.
“Our team continue to grow and be amongst the best in the industry, and we are proud of the results that have been delivered in 2024.
“Our balance sheet is stronger, our cash position healthy, and we remain well placed to capitalise on future opportunities across the UK”
