8:42 am, September 3, 2013
CAMBRIA AUTOMOBILES has announced that trading performance achieved in the financial year to August 31, 2013, has been stronger than last year.
These results reflect an increase in the domestic new car market, which was up 9.73 per cent on the prior year for the 11 months September to July.
The board reports: ‘Our new vehicle sales have outperformed the market, being up 16.3 per cent in the 11 months, across our balanced portfolio of premium and volume brands.
‘In addition, the second half has seen our aftersales business deliver strong growth in profitability and there has been an improvement in the performance for our used car business.’
The group continues to pursue its buy and build strategy, having successfully completed the acquisition of County Motor Works Vauxhall, Alfa Romeo and Chrysler Jeep on January 31, 2013.
Following this performance, directors expect the preliminary results to be ahead of the upgraded market expectations set in June.
