Car manufacturers and the iPhone generation

595 More

Earning the right to be successful

575 More

Knowledge is power

670 More

Selling cars – it’s all about timing

950 More

Truemag

  • Home
  • About
  • Advertise
  • Archives
  • Contact
  • Subscribe

Record profits for dealer group Lookers PLC

Car dealergroup Lookers PLC has steered its way to record profits for the second year in a row.

The company, which has 120 dealerships selling 33 different makes of car, made £33.6million, up almost 20%.

While the firm’s new and used car businesses outperformed the sluggish market the biggest driver of profits was its parts business. Boss Peter Jones said nearly 24million of cars on UK roads were over three years old and this helped boost profits at Lookers’ parts division 11% to £12.3m.

The group’s new car business, which includes Ford, Vauxhall, Nissan and Toyota dealers, sold 58,390 vehicles, down almost 5%, as it steered clear of unprofitable fleet business.

But its sales to private buyers were up a creditable 4.4% in a market down 6%.

The group also boosted profits by selling or closing seven loss-making or poorly performing dealerships during the year.

Mar 10, 2011MTI
  • The WMS Group win the “Best Warranties” category at the Car Dealer Power Awards
  • Record profits at Hyundai
  • Dealer group Inchcape to axe 500 jobs and 10 dealerships worldwide
  • Dealer group Inchcape reports positive start to 2010
  • Global dealer group Inchcape look to India
  • UK’s fifth biggest car dealer group feels the pinch
  • Car dealer finance has come a long wayInside the...Land Rover Freelander 2
    MTI
    11 years ago News42
    Most viewed
    Top 100 UK Dealer Groups
    39,431 views
    The car sales process and the “9 point plan”
    11,451 views
    webuyanycar review – They will buy any car but beware of the asterisk
    5,972 views
    Most commented
    Car sales and the power of silence…
    25 Comments
    Car dealers still not prepared to play the “we buy any car” game
    23 Comments
    A Traders Tale – Part Four
    22 Comments
    Win a pre-loaded Ipod Shuffle!
    19 Comments
    Bargain of the Week – StreetKa 1.6i Luxury
    14 Comments
    Bridal Hair Berkshire
    Fox Body to 2018 Mustang Parts
    and Accessories
    About MTI

    Motor Trade Insider
    is written by people working actively in the motor trade for people on the inside and people on the outside.

    Our aims
    Build a bridge between consumers and the trade, create Interesting and informative content, break down barriers and create better understanding, expose bad practices and rip-offs and promote outstanding products and service.
    Have something to say?
    We are always looking for experienced writers who can write good original quality posts on motor-trade-insider.com. Please contact us if you would like us to consider you. Make sure you give us details of your own blog or a link to some articles you have written.
    2017 © Motor Trade Insider
    Truemag theme by StrictThemes