Lookers hails excellent trading

Motor dealership Lookers said yesterday that trading had been “excellent” in the first three months of the year. Its new car retail sales increased by 13 per cent, outperforming the overall UK retail market which rose 11 per cent in the same period. It said however that fleet volumes fell seven per cent, lagging the seven per cent rise in the UK fleet market over the same period. It attributed the fleet weakness to a low margin deal last year which has been discontinued.