There are contrasting fortunes for two large motor dealers this week. Fully listed Lookers (LON: LOOK) had already warned that its interims would be poor, while Marshall Motor (LON: MMH) has managed the problems in the sector more successfully.
Both companies are having to cope with a weak new car market, with flat sales expected in the second half of 2019. Lookers profit has slumped, but Marshall has minimised the profit decline.
Lookers
Lookers reported interim pre-tax profit of £29.2m, down from £40.3m, on revenues that were 2.7% higher. New car gross profit was flat, while used car ...
