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Pendragon to sell US operations

Pendragon, the UK’s second largest dealer group, is to sell its US division as part of a strategic review that followed a profit warning in late October. Alongside the sale of its US division, which is expected to

New car sales dip at Pendragon

Pendragon has delivered financial results for the first half of 2017 ahead of expectations with revenue up 6.3% across all its businesses, and UK Motor revenue up 4.4% to £2.23bn. The growth was largely driven by used

Pendragon shareholders divided over directors’ pay and future plans

Almost half of Pendragon shareholders voted against proposals for a new directors’ pay package and a value creation plan at the company’s annual general meeting on Thursday. Approval of the directors’ remuneration

Pendragon profits fall in 2016

Pendragon has seen its profit-before-tax for 2016 drop 7.6% to £73.0 million on a turnover that has increased 1.9% to £4.54 billion, in its latest full-year financials. However, the group claims the figures were

Pendragon boosted by aftersales and used

Pendragon is the latest auto retail group to see a slowdown in new car sales according to its 2016 half-year results. The company reiterated its 2015 observation that activity is “beginning to ease” despite underlying

Pendragon results point to easing new car market

Pendragon, the UK’s largest auto retail group, has seen its 2015 underlying gross profit increase 5.0% on turnover figures up 11.3% against 2014, according to the group’s year-end financial figures. Turnover hit £4.45

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