The top 10 AM100 dealer group Lookers has expanded its portfolio of Volvo dealerships with its takeover of Waterhouse Cars in Chelmsford.
Lookers chief operating officer Duncan McPhee has said the AM100 PLC is ready to accelrate growth through acquisitions and the creation of a Lookers Car Hub used car operation.
Lookers chief executive Mark Raban has said that he is “delighted” with the car retail group’s 2022 financial results performance in light of the “supply disruption, inflation and rising interest rates” experienced in the period.
UK automotive is among all businesses that need to be net zero by 2050. Carbon emissions will need to be drastically cut from all dealership operations to limit global warming.
Lookers is targeting "world class surroundings" from a £1.8 million redevelopment of its Kia Chester showroom to comply with the Korean carmaker’s new corporate identity (CI).
Lookers has acquired £3.8 million turnover fleet and leasing business Fourways Vehicle Solutions to grow its customer base in the corporate sector.
Lookers expects to deliver a “quick return” on a muti-million-pound investment to grow its fleet of mobile service vans as it pursues growth in cosmetic repair and alloy wheel refurbishment.
Lookers has continued to invest heavily in its dealership property portfolio with completion of a £1 million transformation of its Nissan Gateshead franchise.
Fund raising cyclists from Lookers are setting their sights on a new cycling challenge after raising £150,000 with 650km Birmingham to Belfast charity ride.
Chorley Group, Charles Hurst and City West have all been named as new franchised retail partners of the IM Group-imported GWM Ora electric vehicle (EV) brand.
Lithia Motors’ Jardine Motor Group takeover talks have highlighted the undervaluation of UK car retail businesses, analysts have claimed.
Lookers will grant its top leadership trio £1.5 million in share options for the car retail group’s 2023 performance if the car retail PLC meets a series of three-year performance targets.
Gravells’ dealership in Bridgend has retained Kia UK’s dealer of the year award at an event which also celebrated the Korean carmaker’s landmark 100,000 registrations performance.
Lookers has raised its 2022 full-year profit expectations to over £80 million and revealed plans to add further to recent new car franchise additions Lotus Cars and Ora.
Lookers has submitted a planning application which would unite its Mercedes-Benz and Smart dealerships in Brighton under one roof.
Lookers chairman Ian Bull has said that he is “sorry” to be stepping down from his role with the car retail PLC at the end of this year.
Lookers’ Charles Hurst car retail division has struck an agreement with sports car maker Lotus Cars to develop its only dealership in Northern Ireland.
Lookers increased its full-year profit expectations to £75 million and kicked-off a £15m share buyback programnme after reporting strong performance in a Q3 trading update.
Lookers has re-opened its Nissan dealership in Chester following £750,000 investment in the Japanese carmaker's new corporate identity (CI).
Taggarts' Jaguar Land Rover (JLR) and Volvo premium car dealerships will be rebranded after more than 120 years' trading as Lookers moves to unify its operations in Scotland.
