Lookers revenue nudges £4.7bn amid dip in new car market
Manchester-based car sales group Lookers has defied a 5.6% dip in the UK new motors market to grow its revenue to almost £4.7bn – up 15%.
The company’s pre-tax profits took a 27% hit, down to £58.4m from nearly £80m, for the year ended December 31, but the figure was distorted because of the £28m sale of its parts division in 2016. Adjusted profit before tax was actually 5% up at £68.4m.
Total new car turnover was up 12% and 3% on a like-for-like basis despite a reduction in overall market volumes.
Total used car tur... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
