| Updated:
CAN LOOKERS KEEP UP THESE STELLAR RESULTS ONCE THE SCRAP SCHEME ENDS?
JOHN STEVENSON KBC PEEL HUNT
Yes. The aftersales arm of Lookers – its servicing facility – is the bedrock of profitability at the company. There’s also been a stunning recovery in the used car market. The footfall generated by interest in the scrappage scheme has boosted sales in general. Lookers can keep up its performance without the scrappage scheme.
MIKE ALLEN PANMURE GORDON
The scrappage scheme is likely to run out in December. Lookers wants to extend the scheme into 2010, as the market will continue be tough for them. It will be another hard year for autos. The scrappage scheme extension isn’t the be all and end all, but the market won’t be stimulated without an extension. It’s in everybody’s interest to extend the scheme.