6th Mar 2015 08:08
LONDON (Alliance News) - Cambria Automobiles PLC said Friday that it is confident in its outlook for the remainder of its current year, as trading in its first five months has been "substantially ahead" of the previous year and in line with upgraded market expectations.
It will announce its results for the half year to end-February on May 12.
The new and used vehicle retailer said its new vehicle unit sales rose 17.1% in the five months, compared to a 7.9% by the market.
New car margins remained strong and it expects new car sales to remain "robust" throughout 2015. Its new car order book heading into March is building well, Cambria said, and it expects to deliver a "strong trading performance" during the month.
Used vehicle sales were up 2.1% in the period compared to the previous year.
Profitability from its after-sales operations is currently up 7.7%, Cambria said.
Shares in Cambria are trading up 7.0% at 55.90 pence Friday morning, shortly after market open.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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