Lookers to beat expectations

12th Jan 2010 13:04

Car dealer Lookers expects to exceed previous expectations after strong trading continued into the fourth quarter.The firm said it gained new car market share with like-for-like sales for the year closing 13% ahead of 2008 levels in a new car market that closed the year 6% down on 2008, despite the 280,000 unit registration boost derived from the Government's scrappage scheme.Used car sales remained strong with full year volumes up 6% on 2008 levels on a like for like basis, increasing Lookers' share of the used car market, it said.'Whilst economic conditions remain uncertain, our strong performance in 2009 demonstrates the resilience of the group's diversified business model and leaves us well positioned to continue to trade successfully,' Lookers said.