JCT600 has tripled its Volkswagen representation with the £10m acquisition of Layerthorpe VW in York and Priory Park VW in Hull.
JCT600 is to move to new head offices in Rawdon, Leeds.
JCT600 has bought two Volkswagen dealerships – Layerthorpe in York and Priory Park in Hull – for £10m after announcing operating profits of £12.4m on turnover of £453m.
Harry Taylor, group managing director at Bradford-based JCT600, is to retire at the end of the month after 17 years with the retail group
Hard work, investment in staff training and a stable management team are behind JCT600's record pre-tax profits, which rose 51% to £11.1m on turnover up 22% at £415m. The retail group was predicting profits of £10m, but says an excellent last quarter exceeded its expectations
The automotive retail market in Yorkshire is set to witness a major shake up after JCT600, the multi-franchise dealer group, announced plans to invest £17m in a new Mercedes-Benz retail area.
JCT600, the Bradford-based multi-franchised dealer group ranked 28 in the AM100, suffered a 15% fall in like-for-like profits last year due largely to the steep fall in residual values.
<p> JCT600, the Bradford-based multi-franchised dealer group ranked 28 in the AM100, has a well designed website. Once the homepage has loaded, visitors are given the option of viewing the site with or without flash (software to view animation).
JCT600 is preparing for further expansion despite a fall in pre-tax profits, blamed almost entirely on a decline in used car values.
