Audi dealers Lomond Motors have been purchased for a total of £15 million. The business was owned by founder Hugh McMahon for a total of 14 years before he decided to sell his business. Lookers confirmed that jobs would be safe as some workers were worried that they may potentially be let go. Currently the dealers employ 350 people.
The Lomond brand and traditions will essentially be kept after the purchase Lookers also confirmed. Lomond branches are currently located within Ayr, Edinburgh, Glasgow and Stirling. Lookers already have some presence in Scotland under the Taggarts brand. This recent move will ensure that Lookers’ business within the country will increase. That was part of the attraction of Lomond, with local knowledge playing a huge part in the initial interest. Sales of cars in Scotland have recently experienced an increase. The SMTA (Scottish Motor Trade Association) reported sales of 16,694 of new cars in June alone. Compared to June of last year, that represents a wonderful 3.5 per cent increase.
Private purchases have increased by 10 per cent from January to June according to the SMTA. Not surprisingly Ford and Vauxhall were the best sellers in Scotland last month. What was surprising was that Vauxhall topped the sales charts in June, with the Corsa beating the Fiesta. The Ford Fiesta has been long dominating the charts for a number of years. In terms of Audi, they managed to sell 614 models in June, which is an increase of 4 per cent when comparing the previous June in 2011. Across the whole of the UK there were 189,514 new cars registered in June alone. Sales from January to June equate to 1,057,680 which represents an increase of 2.7 per cent when comparing the same time period in 2011.
The SMMT believe that the sales increase will continue throughout the year and will reach 1.95 million which is 100,000 more than the total reached in 2011. The Chief Executive of the SMMT said “Despite domestic and international economic concerns, UK motorists are responding positively to new products and the latest fuel-efficient technology. The industry has performed better than expected in the first half of the year and we will now need to work hard to sustain growth.”It is clear to see that consumers are more and more economy focused when it comes to cars. There was a 47.8 per cent rise in alternatively fuelled vehicles in June.