THE Scottish car dealer that claims to be the UK's oldest Volvo retailer, has said it is well placed to cope with difficult market conditions despite a dip in profits.
Ian H Cameron, which owns Perth-based Strathmore motors, saw pre-tax profits fall 22% in the year to May 31, to £311,000 from £401,000 as the economic downturn hit sales of cars.
The latest accounts for the firm also show sales fell 3% during the year, to £13 million from £13.4m.
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