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Trading Update - Full year 2021 outlook significantly ahead of current expectations
Lookers plc, one of the leading UK motor retail and aftersales service groups, today provides an update for the current financial year to date, reporting strong momentum in trading and a significant upgrade to its full year 2021 expectations .
As previously announced on 25 May 2021, trading in the four-month period to 30 April 2021 was strong. These positive trends have continued into May and June where we have seen robust consumer demand and ongoing outperformance of the UK retail new car market. Used vehicle margins also remain strong benefitting from improving residual values and greater operational focus. In addition to these market trends the Group continues to benefit from its enhanced hybrid omni-channel customer offer, and the decisive self-help restructuring initiatives implemented last year.
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