Car retailer Cambria Automobiles (CAMB) looks set for a smooth ride this year, as new car sales volumes have accelerated 19 per cent over the first five months, outperforming the 11 per cent increase in the wider market. Chief executive Mark Lavery expects volumes to remain robust throughout 2014 too, citing a bumper order book for the important March season.
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Elsewhere in the business, used car volumes are running 11 per cent ahead and aftersales are 5 per cent higher, helped by Cambria's Warranty for Life product, which gives used car owners an incentive to keep their wheels maintained at Cambria's profitable workshops. Mr Lavery added that the year would probably see an acquisition in the premium to luxury end of the market.
