DEALER Lookers said it expected to post “significantly” higher profits this year thanks to the boom in the UK’s car market.
New car sales in Britain soared by 12.1 per cent last month to their highest level in more than five years, defying the negative trend across much of continental Europe.
Lookers said it continued to grow its market share, with retail new car sales up 19 per cent in the quarter to 30 September compared with the same time last year.
Its aftersales business in the motor division increased turnover compared to last year while the parts division returned to growth, with sales up five per cent.
The company’s chief executive Peter Jones said that “further recovery in the UK new car market provides a positive environment for further growth”.