Wednesday, January 16, 2008
Lookers trading update
Lookers has said that its current trading performance falls “within the range” of current market expectations. In a trading statement for the completion of the financial year ended 31 December 2007, the Manchester-based dealer group said despite its good performance its outlook would be cautious.
“In line with the current economic climate, new and used vehicle trading continues to be competitive,” Lookers said.
“Whilst we remain cautious of the market generally, we are confidentof another year of progress.”
New car volumes were ahead of 2006 but Lookers said margins for both new and used cars came under pressure, especially in the final quarter of last year.
DATED: 16.01.08
FEED: MT
