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Birmingham Post
Birmingham Post
Business
Jon Robinson

Surge in used car sales helps Lookers to record year as profits hit £90m

A jump in used car sales helped dealership giant Lookers achieve pre-tax profits of £90m and its revenue to surge to more than £4bn during its latest financial year.

The Greater Manchester-headquartered company had previous achieved a revenue of £3.6bn and profits of £1.5m during the year to December 31, 2020.

The revenue generated by the used vehicles sold in 2021 increased from almost £1.8bn to more than £2bn while the gross profit from those sales rose from £117.9m to £180.3m.

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