Ferrari and Bentley performance drives better-than-expected results for H.R.Owen

Car dealer H.R.Owen expects to exceed market expectations for its 2012 results, following a strong performance from top sports cars.

Car dealer H.R.Owen expects to exceed market expectations for its 2012 results, following a strong performance from top sports cars.

The company, which specialises in prestige car sales and luxury vehicles, published a trading update for the year ending December 31st highlighting the role of a number of well-known car brands.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

This was complemented by a particularly good close to the year from the group's Rolls-Royce and Bentley franchises.

Impact of new model delivery profileGoing forward, the company stated that it anticipated a new model delivery profile across H.R.Owen's range of brands would lead to a less pronounced first half, with the second half contributing a higher proportion of the full year result than has historically been seen.

MF

MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.