27th Aug 2021 16:25
Cambria Automobiles PLC - franchised motor retailer - Says trading since interim update, on May 5, "pleasingly" in line with pre-pandemic seasonality and in line with management's expectations.
Sale of new retail units to private guests in eleven-month period down 3.9% while total new vehicle unit sales, including fleet and commercial, down 3% year on year.
"There are supply issues in the new car market as a result of the widely documented global shortage of semi-conductors and this continues to impact the availability of new cars," company says.
Adds: "The new car order bank for the important September trading month is currently significantly behind prior year and the level of new vehicle inventory available for the group to sell from stock is significantly reduced from prior year. The used car market looks like it will remain strong throughout September with the continued level of demand exceeding supply."
Current stock price: 81.00 pence
Year-to-date change: up 38%
By Paul McGowan; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.