Financial Times FT.com

Lookers benefits from car scrappage scheme

By Philip Stafford

Published: October 30 2009 09:18 | Last updated: October 30 2009 18:32

Lookers, the car dealership network, forecast that full-year results would be ahead of last year thanks to the government’s car scrappage scheme and a buoyant independent car parts business.

Peter Jones, chief executive, said trading in the July-September period had been “strong”, particularly in the industry’s critical month of September, when new car registration plate numbers are changed.

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