Lookers has been performing well in the motor retail market and outer year growth prospects were recently bolstered by the Benfield acquisition. Organic performance, benefits from market consolidation, and the upside from Benfield could all present some upside to forecasts. Weakness in the shares since the VW emission scandal arose looks unjust, though, and yesterday’s SMMT data should provide the necessary comfort for this to reverse. New car registrations have bounced from the lows in Oct/Nov ....
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Registrations bounce in VAG brands provides support
- Published:
08 Jan 2016 -
Author:
Matthew McEachran -
Pages:
4
Lookers has been performing well in the motor retail market and outer year growth prospects were recently bolstered by the Benfield acquisition. Organic performance, benefits from market consolidation, and the upside from Benfield could all present some upside to forecasts. Weakness in the shares since the VW emission scandal arose looks unjust, though, and yesterday’s SMMT data should provide the necessary comfort for this to reverse. New car registrations have bounced from the lows in Oct/Nov ....