Andy Bruce

Andy Bruce of Lookers plc

Lookers motors on as revenues rise

The Manchester-headquartered group saw revenues rise 5% to £2.46bn during the first half of the year.

Lookers plc, the leading car retailer and aftersales service group, is celebrating a strong start to the year despite a small dip in pre-tax profits.

The group saw total revenue increase 5% to £2.46bn for the six months ended 30 June despite seeing pre-tax profits fall from £46.7m to £44.6m.

This is in part down to Lookers continuing to invest in its future strategy – which will see the group rapidly expand the online side of the business.

The company hopes to have a new website launched by the end of this year which will further enhance operational efficiencies and help it to continue growing.

Andy Bruce, chief executive of Lookers, said: "I am pleased to announce an excellent set of results for the first half of the year with growth across all areas of the business.

“We continue to produce record levels of profit which is evidence of the success of our expansive and resilient business model.

“We have made good progress with our strategy of having the right brands in the right locations with excellent execution and have managed our portfolio of dealerships to reflect that. 

“Our order book for new cars for the important month of September is continuing to build in line with our expectations and the new car market for this year is still forecast to be at a historically high level.

“We therefore believe that the company is well positioned to continue its strong performance and deliver sustainable value to shareholders."