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Cambria confident for full year results

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Cambria Automobiles has seen new car sales increase by 13.4% and aftersales profitability ahead by 15% according to its trading update ahead of its interim results on April 29.

Cambria said the trading performance achieved in the first half of its current financial year has been considerably stronger than that reported in the corresponding period of 2011/12, reflecting a stronger domestic new car market, up 8.8% on the prior year period.

The statement says Cambria is “successfully maintaining the momentum achieved in the second half”.

The dealer group continues to pursue its buy and build strategy, successfully completing the acquisition of County Motor Works Vauxhall, Alfa Romeo and Chrysler Jeep on January 31 this year.

The trading statement said: “Following this trading performance, the Directors expect the results to be in line with market expectations and view the outlook for the remainder of the financial year with confidence.”

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