Wednesday, 21 April 2021

Scottish billionaire car dealer Sir Arnold Clark dies

Sir Arnold Clark 1

GLASGOW: Sir Arnold Clark, the founder of Britain’s biggest independent group of car dealerships, has died at the age of 89. The billionaire was born in Sir Arnold ClarkGlasgow, where he set up his first showroom in 1954. A statement said he had passed away peacefully, “surrounded by his family”. It added that Sir Arnold, who was knighted in 2004, was “an inspiration” and said “the family will continue to carry on his vision”. He was confirmed as Britain’s first billionaire car dealer in the Sunday Times Rich List in 2016. The company which bears Sir Arnold’s name has 200 dealerships across the UK, with more than 18,000 new and used cars in stock. It posted profits of £107.2m in 2014 on sales of £3.2bn. Sir Arnold founded the business after leaving the Royal Air Force in the early 1950s. He used his demob money to buy a Morris Ten-Four for just £70. Having restored the car to its former glory and sold it on for a profit, he began to buy and sell cars. His first showroom was in Glasgow’s Park Road.

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