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Pendragon ruling is wrong and sets precedent for the sector

The fine of £134k imposed on Pendragon for failing to disclose in an online advert that a vehicle was ex-rental could set a dangerous precedent that could have sector wide implications, and is especially disturbing

Pendragon fine could set sector-damaging precedent

Retailers who pay fines for minor misdemeanours could open themselves up to much stiffer penalties in future and set dangerous precedents for the industry. The warning comes from Jonathan Butler, head of automotive at

What does Pendragon say about auto retail business model?

The auto retail industry is not exactly flavour of the month with the stock market at the moment, unless you are big into used car retailing. It’s not just this week which has seen some big names take a battering

Pendragon issues profit warning

Pendragon has issued a profit warning in which it blames WLTP-related new car supply issues for a poor performance in September and October. In the stock market statement the group says it expects underlying pre-tax

Pendragon profits take half-year hit

Profits and operating margins at Pendragon have taken another major hit as the group announced financial results for the half-year to end of June 2018. The group said its underlying profit before tax for the period was

Pendragon profits fall for second year

Pendragon has seen its profit before tax fall for the second year running with a drop of 10.5% to £65.3 million during 2017, while turnover last year increased by 4.5% to £4.74 billion. The results come after Pendragon

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