• Text size      
  • Send this article to a friend
  • Print this article

New car sales boost Lookers

Motor dealership Lookers said sales of new cars jumped 15% in the first half of this year as it powered to record profits and raised forecasts for 2014.

The Manchester-based firm, which has 127 franchised dealerships representing 31 marques from 77 locations, has been boosted by the UK economy and a return to more normal trading conditions.

The used-car market also showed signs of improvement with like-for-like sales up 5%, which helped adjusted pre-tax profits jump 36% to £40.2 million in the six months to June 30.

The business said sales lifted 10% to 1.29 million vehicles across the industry over the last six months, and is set to top 2.4 million for the year, at least 6% ahead of 2013.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

254416