Fleet News

Dealerships to benefit from pricing stability

A MORE stable new car pricing structure will result in dealership groups increasing sales and end uncertainty in the used car market, says Lookers chairman Craig McKinney. Announcing half-year pre-tax profits of £3.22million - up from £1.8million in the six months to March 31, 1998, and on turn-over down to £263.5million from £276.98million - McKinney said new and used car sales volumes were strong.

The group would benefit once new car pricing stability was achieved and the uncertainty surrounding both new and used pricing removed, coupled with the introduction by the manufacturers of larger market territories. 'There is downward pressure on new car prices due to gradual harmonisation throughout Europe which in turn is having a knock-on effect in valuation terms to both nearly new and used vehicles. Tight control of all vehicle stocks remains a top priority.'

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