Page 4 - Mark Raban News Today

Sterling stayed near a 10-month high at $1.25 today after a positive update on activity in the UK’s dominant services sector.

287,825 vehicles were delivered in March, a month which typically sets the tone for the year ahead

While group revenues increased amid higher new vehicle costs for motorists, Lookers revealed it sold 5.8 per cent fewer new and used cars over the period compared to the previous year.

Automotive retailer and service provider Lookers reported a strong trading performance in its full-year results on Wednesday, despite supply restrictions and logistics disruption, as it lifted its expectations for 2023.

While group revenues increased amid higher new vehicle costs for motorists, Lookers revealed it sold 5.8 per cent fewer new and used cars over the period compared to the previous year.

Constellation Automotive has appointed cinch chief executive James Mullins to the board of AM100 car retailer Marshall Motor Group.

Lookers has acquired £3.8 million turnover fleet and leasing business Fourways Vehicle Solutions to grow its customer base in the corporate sector.

Lookers has bought fleet and leasing business Fourways Vehicle Solutions for an undisclosed sum to expand its footprint in the corporate sector.

As traditional brands step back, up to 30 new electric ones eye the British market

Lookers will grant its top leadership trio £1.5 million in share options for the car retail group’s 2023 performance if the car retail PLC meets a series of three-year performance targets.