Volume and specialist marque car retailer Lookers plc will be driving aftermarket growth and expanding its sales territories after announcing record first half results.
Lookers plc has posted an impressive 55% increase in pre-tax profits to £10.1m for 2001 on turnover up 23% to £718m.
Lookers plc has today acquired the Vauxhall franchise for Birmingham – one of the largest and most important market areas in the UK.
Lookers plc has sold SMAC Continental Ltd, its Mercedes-Benz dealership in Southend, Essex, for around £5.1m cash to the Lancaster group.
A nationwide programme to 'attract, develop and value our people' has cut employee turnover at Lookers plc in half over the past four years.
Fred Maguire, Lookers plc executive chairman, believes it is important the industry sees the forthcoming changes in Block Exemption as an opportunity, not a threat.
Lookers plc will soon start major redevelopment work at its Charles Hurst Group headquarters in Boucher Road, Belfast. The redevelopment will be centred around the creation of brand new separate Nissan and Renault showrooms, supported by a joint back-office facility, and the building of a separate Lexus showroom.
Lookers plc this week became the first victor in Renault and Nissan's radical shake-up of its dealer networks in the UK and elsewhere.