Pre-tax profits at veteran car dealer
Arnold Clark fell by 8.2 per cent last year, from £76.4m to £70.1m,
the company announced March 21.

The company, owned by eponymous found Sir Arnold Clark, noted
that profit in the previous year had been inflated by an
exceptional VAT pay-out of £12.4m.

Exceptional items in 2007 included sales of properties in
Liverpool, Paisley and Glasgow, which in which brought total gains
of £3.9m.

The Glasgow-based company said its turnover rose 11.2 per cent
last year to £2.1bn.
The number of new cars sold was up 10.3 per cent at 73,877, of
which 12,013 were in England. Used car sales were up 7.4 per
cent.

Arnold Clark, which remained on the acquisition trail last year
north and south of the border, employs more than 8,000 people and
has about 145 dealerships throughout the UK.

Sir Arnold acknowledged the current year would be challenging,
but believed his business would achieve growth through a mixture of
acquisitions and greenfield expansion.

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By GlobalData

 Motor Finance Issue: 42 – April 08
Published for the web: April 23 08 11:24
Last Updated: April 24 08 10:50