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Cambria Automobiles reports trading ahead of expectations

Cambria Automobiles has issued a trading update this morning which states its performance for the first four months of its financial year has been "substantially ahead" of the corresponding period in the prior year.

The car dealer group's board of directors, including chief executive Mark Lavery, said it is successfully maintaining the momentum achieved in the second half of the last financial year.

Overall, new vehicle unit sales increased by 21.9%, up 12% on a like-for-like basis and in line with the national market. 

Used vehicle sales also performed well with unit sales 9.5% ahead of the same period last year (up 2.9% on a like-for-like basis) with margins remaining strong.

The growth in the group's aftersales operations is continuing with profitability currently up 4.5% year-on-year.

It added: "The board expects the interim results for the six months to 28 February 2014 to be significantly ahead of the prior year and views the outlook for the remainder of the financial year with confidence."

 



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