Lookers plc reported trading update for the fourth quarter ended December 31, 2021. Trading in fourth quarter remained strong and above the Board's expectations, principally driven by excellent new and used vehicle margins, a continued focus on tight cost control and like-for-like growth in aftersales revenues. Throughout fourth quarter, the ongoing global shortage of semi-conductors continued to place pressure on the supply of new and used vehicles.

In fourth quarter like-for-like new retail unit sales increased by approximately 2.0% and used unit sales were down by approximately 14.2%. Aftersales revenues remained robust and on a like-for-like basis were approximately 7.1% ahead of last year.