Car dealership group Arnold Clark recorded a 2.2 per cent rise in turnover last year, with profits also growing over the period to £121.7 million, up by £2.1 million.
The group said that a rise in the popularity of used vehicles was behind much of this growth, with sales in this category rising by 10.8 per cent last year.
Used car dealers will be cheered by the news that the market is strong and some dealership owners will want to emulate Arnold Clark's success by upping sales through expansion and investment. When expanding your dealership, make sure you update your new and used car insurance policy to include any new stock or premises.
Expansion was a major part of Arnold Clark's approach last year and the strategy saw it acquire several dealerships, including Seat dealerships in Newcastle and Preston, a Vauxhall dealership in West Calder and the Ness Motors Limited dealerships in Perth, Elgin and Inverness.
In some area, Arnold Clark recorded a drop in new car sales over the year, which it attributed to non renewal of fleet contracts.
Sir Arnold Clarke himself responded to the 2015 figures by stating that 2016 is expected to bring similar results for the group: "In 2016 we expect the new car market will remain relatively static, with used cars experiencing similar growth to 2015.
"Early trading results have been very promising and our strategic objectives remain unchanged; namely focusing on customer experience, product availability and widening the geographic footprint of the group."
