Lookers Car Hub Business Poised for Growth with COO’s Acquisition Plans
Lookers Car Hub, a subsidiary of Lookers PLC, is a leading UK-based car dealership group that has been in operation for over 100 years. The company has been growing steadily over the years, and its Chief Operating Officer (COO), Duncan McPhee, has recently announced plans to acquire more businesses to further expand the company’s reach.
The acquisition plans come at a time when the automotive industry is undergoing significant changes, with the rise of electric vehicles, autonomous driving technology, and changing consumer preferences. Lookers Car Hub is well-positioned to take advantage of these changes, with its strong reputation for providing high-quality vehicles and excellent customer service.
McPhee has stated that the company is looking to acquire businesses that complement its existing operations, particularly in the areas of electric and hybrid vehicles. Lookers Car Hub already has a strong presence in the used car market, and the acquisition of businesses that specialize in electric and hybrid vehicles would enable the company to expand its offerings to customers who are looking for more environmentally-friendly options.
The COO has also emphasized the importance of investing in technology to improve the customer experience. Lookers Car Hub has already made significant investments in digital platforms, such as its online car buying service, which allows customers to purchase vehicles entirely online. McPhee has stated that the company will continue to invest in technology to make the car buying process as seamless and convenient as possible for customers.
Lookers Car Hub’s acquisition plans are part of a broader strategy to position the company for long-term growth. The company has already made significant progress in this area, with its revenue increasing by 6.4% in 2019. The acquisition of new businesses will enable Lookers Car Hub to further expand its customer base and increase its market share.
In conclusion, Lookers Car Hub’s acquisition plans are a sign of the company’s commitment to growth and innovation. The automotive industry is undergoing significant changes, and Lookers Car Hub is well-positioned to take advantage of these changes with its strong reputation for quality and customer service. With the acquisition of new businesses and continued investment in technology, Lookers Car Hub is poised to continue its growth trajectory and remain a leading player in the UK car dealership market.
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- Source: Plato Data Intelligence: PlatoData