John Clark hit £1bn turnover in 2023, secures spot as top 20 dealership

Family-owned John Clark Motor Group (JCMG) has topped £1 billion turnover milestone in its latest figures for 2023 with net profits placing it in the upper quartile for return on sales.

The dealership group with locations in north, east and central Scotland, said the results underline continued positive momentum towards the company’s strategic objectives and cement its position as one of the top 20 automotive groups in the UK.

The company said it attributed its success to a sustained focus on operational efficiencies and agility in responding to market changes.

Despite significant adverse pricing changes in the used car market during the latter part of the year, the business enjoyed strong trading performance and maintained a robust cash position during the year.

As part of its commitment to employee welfare, JCMG converted its temporary cost-of-living support measures from 2022 into permanent wage increases in 2023.

Investment in apprentice programmes, colleague development and staff benefits continued with the average headcount rising to 1,355 and staff retention rates improving to below the industry average turnover ratio.

Reflecting on 2023, Chris Clark, group managing director, said: “Our teams have once again demonstrated their dedication, contributing to another outstanding year for the group. I’m incredibly proud to be part of one of the best teams in the industry.”

JCMG said it had continued to strengthen relationships with existing franchise partners while exploring new opportunitie, such as adding the MG franchise in Dundee and Perth.

The company also completed significant developments, including the Newbridge motor village in Edinburgh, now home to one of the UK's largest Volvo Cars dealerships.

The group’s Volvo and Jaguar Land Rover dealerships also received multiple accolades, including UK Dealer Group of the Year awards.

Looking ahead, Clark said that in spite of ongoing challenges and market fluctuations, the business is on track for growth in its 50th anniversary year.

“While the mid-year results align with expectations, it’s a year where we’re working harder to achieve more with less. Nevertheless, our financial resources remain strong and balanced, positioning us well for future growth as we pursue several acquisition opportunities.”

JCMG’s expansion plans for 2024 include the development of new dealership sites in Aberdeen and Dundee, further enhancing its representation of Volkswagen franchises.