Successful
car dealership
Lookers today confirmed that the
car scrappage scheme has helped them to rally used
car sales by boosting demand. Lookers reported an improvement
in profitability, despite a 34% drop in pre-tax profits.
The company, who are based in Manchester, are well known in the
car sales and
motor finance industries. They have taken advantage of the
scrapping scheme initiated by the government to try and
increase new car sales.
The Chief Executive, Ken Surgenor, reportedly commented: 'We
are pleased with this strong trading performance for the first half
of the year with profit before
tax increasing by 13.5% at £17.6m, which has been delivered in
a very difficult market.'
Meanwhile, the chairman of Lookers, Phil White, reportedly said:
'Since the end of the half year, Lookers has continued to
outperform the new
car market and trading across the
motor division is ahead of both budget and prior
year.'
