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.

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.

A strong performance seen by both Ferrari and Lamborghini in the first half of 2012 was followed by a robust second half performance, the group stated.

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