Lookers PLC

Lookers PLC is a prominent automotive retail and distribution company based in the UK, specializing in the sale of new and certified pre-owned vehicles, along with comprehensive after-sales services. Founded in 1908 in Manchester, UK, Lookers PLC operates in the automotive sector, providing a range of vehicles from various manufacturers. The company has undergone strategic changes to enhance its service offerings and expand its market reach. Ian Jordan is the founder, and Mark Raban currently serves as the CEO.

Lookers PLC specializes in automotive retail and distribution, offering a comprehensive range of vehicles including new and certified pre-owned cars, motorcycles, and commercial vehicles. The company collaborates with over 31 well-known automotive brands such as Audi, BMW, Mercedes-Benz, and Ford, providing a wide selection of vehicles that meet diverse customer requirements. Lookers PLC aims to cater to various segments of the market, including first-time car buyers, families seeking replacement vehicles, and businesses in need of fleet solutions. Their services extend beyond vehicle sales to include servicing, maintenance, and support for electric and hybrid vehicles, responding to the growing demand for environmentally friendly transportation.

Lookers operates across multiple geographical markets in the UK, with over 70 outlets strategically located for customer convenience. Lookers PLC generates revenue primarily through the sale of vehicles, servicing, and maintenance offerings. The company operates on a B2C model, engaging directly with individual customers as well as a B2B model through commercial vehicle solutions for businesses of varying sizes. In 2023, Lookers PLC reported a revenue of USD 5,720.

11 mn and an EBITDA of USD 75. 88 mn. Typical transactions encompass vehicle purchases, which may include financing options tailored to customer needs, along with after-sales services such as regular maintenance packages and MOT testing. The extensive product lineup includes flagship offerings in electric and hybrid vehicles, aligned with current market trends towards sustainable transport solutions.

Lookers PLC plans to enhance its offerings by launching new electric and hybrid vehicle models in the upcoming year, aligning with the industry's shift towards sustainable transport. The company is also targeting expansion into additional geographical markets within the UK and potentially exploring opportunities in the European market by 2025. Recent revenue will be allocated to support these initiatives, aiming to strengthen their infrastructure and improve customer services.