Jetcon upgrading servicing unit as business grows
Published:Wednesday | September 3, 2025 | 12:08 AM
Car dealer Jetcon Corporation Limited has found its footing after transitioning from the used car market to trade in new vehicles, the company reported to shareholders.
The company, which is now the local dealer for Chinese automaker BAIC, says it has overcome early scepticism that it could find room within the competitive new-car space, and is now doing well after a torrid year. Profit in both the first and second quarters spun from losses to profit.
“2025, so far, has been doing good,” said Executive Chairman Andrew Jackson, at the company’s annual general meeting. “We are now back in the black and this is expected to improve as we go along,” he said.
Resulting from the increased business, Jetcon is in the process of upgrading its facilities, inclusive of reorganised and covered space for repairs, and the installation of solar panels atop it. A series of sheds that were once open to the elements are being centralised into one space with 20 feet of headroom.
“We’re covering the entire area. So, we’re pretty much weatherproof and therefore we can have more productive time,” Jackson told the Financial Gleaner after the company’s annual general meeting.
Additionally, the number of hydraulic lifts used to facilitate undercarriage work will be increased from four to five, and the company is in the process of recruiting more mechanics.
The expansion and equipment upgrades are budgeted at about $15 million, Jackson told the Financial Gleaner.
In terms of human resources, is in the process of recruiting more mechanics, the service supervisor has been promoted to service manager, and two assistants have been brought in, all to reinforce the repair and servicing unit.
Jackson said more activity is expected for the after-sales service unit as car buyers are required by warranty to service their vehicles for five years.
“Once we get to certain numbers of cars on the road, the number of service jobs we’re going to be doing is going to be increasing. In fact, it’s going to be increasing exponentially,” he said.
The expansion of the servicing unit, comes as Jetcon has found what Jackson described as “a winning formula” in selling Chinese vehicles. He reported to shareholders that last year at this time, Jetcon was struggling to sell a few used cars, but that today there is a three-month waiting list for new cars.
“Some say it’s a good problem to have, but it can get a little frustrating in the first place,” Jackson said at the meeting.
Jetcon’s latest financial results for the June second quarter saw the company shedding losses of $6 million and climbing to profit of $33 million. Revenue for the quarter amounted to $227 million, more than double that of 2024’s total of $110 million.