A surge in demand for spare parts increased profits at the car dealership Lookers by 29 per cent to a record £22.7m in the first half.
With motorists more inclined to try to keep older cars on the road, Lookers' parts distribution division, including FPS, saw profits rise by 21 per cent to £5.2m. Group turnover rose 13 per cent to £988m in the six months to 30 June.
The Manchester-based company said its parts unit, which works with 2,500 suppliers, helped to offset a tough market for new and used car sales. The record performance came despite the end of the Government's vehicle scrappage scheme, which propped up the car market during the downturn.Reuse content