Car giant Lookers says the shortage of semiconductors has helped push up demand for vehicles as it said the average price of a used car had grown by more than a quarter.
The Cheshire group said used car prices rose 27% in the first half of 2022, compared to the same period in 2021. That meant that even though it sold fewer new cars than a year ago, it managed to make almost £200m more in revenue from them, up 17% on 2021.
Lookers said it had 22,000 orders from retail customers at the end of June, compared to 9,000 in June 2021.
