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Rich List reveals motor trade top earners

Home / News / Rich List reveals motor trade top earners

Motor traders enjoyed a strong showing in the 2012 Sunday Times Rich List, the annual review of personal fortunes in the UK.

Sir Arnold Clark was the highest rated dealer group boss at number 191, based on a family fortune £467m, up £37m from last year.

Profits at Arnold Clark Automobiles, rated number three in the Motor Trader Top 200, fell 31.7 per cent from £73.8m to £50.8m in 2010.

Next in the listing at number 219 was Lord Edmiston, founder and owner of IM Group, the UK distributor of Subaru, Isuzu and Great Wall. The company also operates a property business.

Edmiston’s fortune was estimated at £400m, the same as last year. The Sunday Times also acknowledged him as one of the country’s top 20 charity donors with recent donations estimated at £35.5m.

Jack Tordoff, chairman of Bradford-based JCT600, and his family were rated at number 279 on a fortune of £290m, the same as last year.

The group is rated 13 in the Motor Trader Top 200 and this month reported record turnover of £623m but profits down 30.8 per cent to £8.5m, which it attributed to internal investment and squeezed margins.

Sir Peter Vardy and his family were rated at number 482 based on a fortune of £155m, up £5m from last year.

After selling the Reg Vardy Group to Pendragon in 2006 Sir Peter helped launch the Scotland-based Peter Vardy Group, rated 49 in the Motor Trader Top 200. The report estimated the Vardy family donated £1.3m to charity last year.

Tony Bramall, whose dealer group businesses have included CD Bramall and Bramall and Jones was rated at 527 based on a fortune of £144m. The Sunday Times estimated he held a £46m stake in Lookers.

Aukhpal Singh Ahluwalia, the founder of Euro Car Parts, was rated at 339m on a personal fortune of £225m (2010: £225m). Ahluwalia sold the business last October to the Chicago based LKQ Corporation for £285m but remained as chairman and managing director.

Elsewhere in the ratings property magnate Jack Petchey was rated at 189 on a fortune of £475m, down from £500m. Petchey retains a £34m stake in Lookers, according to the survey.

While F1 supremo Bernie Ecclestone, who started his career as a used car retailer, saw his fortune remain at £2.5bn making him the 23rd richest person in the UK