Fleet News

Lookers looks for leasing boost

LOOKERS Planned Motoring is looking to double the size of its contract hire fleet after parent company Lookers plc announced pre-tax profits up 30% to £3.16 million for the financial year to March 31, 1996. All sectors of the business, which ranges from dealerships to car delivery, agricultural machinery, and contract hire, showed a profit.

Lookers owns 49% of leasing and fleet management company Lookers Planned Motoring, and its share of the profits rose to £254,000 from £163,000 last year, reflecting in particular the strength of residual values. Allan Marston, Lookers' finance director, said LPM was now working on Mission 6000, to double its fleet size from its current level of around 3,000 vehicles with the company restructuring its sales force to achieve targets.

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