Sales grow for Lookers
Car dealerships group Lookers has seen sales grow in the six months to the end of June helped by growth in demand for used vehicles.
The performance was despite ongoing supply disruption.
The group, which includes Mercedez-Benz dealerships in Shrewsbury, Stourbridge, Walsall and Wolverhampton, and BMW in Stafford, saw revenue increase from £2.15 billion in the first half of 2021 to £2.23bn.
It outperforming the UK new car market by 1.7 per cent but pre-tax profit was down from £50.4 million to £49.9m
Chief executive Mark Raban said: "Our first half financial performance was very strong, against an exceptional comparative period, despite ongoing inflationary pressure and vehicle supply disruption. We have also made excellent progress with our strategic priorities.
"We remain focussed on our customers and improving our proposition to ensure the process of buying or leasing a car is as easy and simple as possible, particularly in the current challenging economic environment. Notably, our recent 'You Choose' brand campaign highlighted the progress we have made in our omnichannel capabilities."
