Car sales grow for Lookers
New car sales for motor dealerships group Lookers were up 26.6% in the first four months of this year.
It compared to national growth of 16.2%.
Trading across the group, which has sites in Shropshire, Staffordshire and the Black Country, has been strong since the reopening of dealerships on April 12 benefitting from strong consumer demand
Used sales are up 32.5% and after sales revenue has risen by 25.4% this year.
The group has recently completed the renewal of its bank facility with its existing banking club. The revolving credit facility now runs until September 30, 2023 and is for an initial amount of £150 million.
Chief executive Mark Raban said: "It's encouraging to see our strong trading momentum continuing with a very positive customer response following the reopening of our dealerships. The steps we have taken to evolve and enhance our digital offer are being well received and we have a number of further developments in the pipeline. I would like to thank the fantastic Lookers team for their considerable efforts in what has been a very busy period for the business.
"We are pleased to have renewed our banking facility and thank our banking partners for their continued support."
