U.K. Dealer Bullish on Sales Despite Interest-Rate Hikes

Newswire

* Rate rises will add little to cost of a car - Lookers CEO * Benefit of strong pound could be passed on to consumers, he says * Lookers focusing on premium, luxury brands with higher margins By Costas Pitas LONDON, July 9 (Reuters) - Future interest rate rises will not affect car sales in Britain and could easily be offset by manufacturers passing on their gains from foreign exchange, the head of one of the country's biggest car dealers told Reuters. Car sales in Britain are on track to ...

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