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Lookers today increased its pre-tax profit expectations for the year to at least £75m – a drop on last year's £90.1m. In a trading update to the London
Lookers increased its full-year profit expectations to £75 million and kicked-off a £15m share buyback programnme after reporting strong performance in a Q3 trading update.
The motor dealership chain now expects underlying pre-tax profits to be at least £75million for the current financial year thanks to strong vehicle gross margins.
Great Wall Motors’ (GWM) Ora electric vehicle (EV) brand has appointed Lookers as its first car retail franchisee in England.
Robin Churchouse has been appointed chair of the board of Lookers Motor Group, effective from September 13, subject to regulatory approval.