14th Jan 2016 08:45
LONDON (Alliance News) - Car dealer Cambria Automobiles PLC on Thursday said trading has remained strong in the first four months of its current financial year, with sales ahead year-on-year on both a total and like-for-like basis.
The company said new vehicle sales were up 4.0% in the four months to the end of December, though fell 1.2% on a like-for-like basis against tough comparatives. Used car unit sales rose 4.7% and were up 2.7% on a like-for-like basis, increasing the profit contribution from the company's used franchise.
Cambria said it expects its interim results for the six months to the end of February will significantly outpace the year before and said it is confident it will hit market expectations for the year to the end of August.
Shares in Cambria were down 1.3% to 84.39 pence early Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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