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- Pendgragon profits rise but debt also up
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Pendragon, the UK’s largest auto retail group has announced pre-tax profits of £13.3m for the half-year to end of June. This contrasted with a pre-tax profit of £4.8m for the same period last
- Sytner climbs to 4th in sales league
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Autointel has released May’s Top-50 dealer group rankings. Headed by Pendragon, (6,545 units) Inchcape Retail (4,661) and Arnold Clark (4,111), the list shows Sytner (3,840) moving into fourth place above Lookers
- Market fears hit retail stocks
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For a short while it seemed as though the auto retail industry was on the road to recovery – at least as far as professional analysts and investors were concerned. But share movements in May have been largely
- A strategy for the new market truth
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The last two years have seen a marked fall in the UK auto retail industry’s new and used car volumes. It is clear the impact of the recession on the industry is likely to last for over 10 years and the scrappage
- Auto retail stocks turn positive
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After several months of volatility auto retail stocks seemed to find a positive direction during April, though the sentiment was more encouraging in the UK than elsewhere in the world. With the market showing signs of an
- Inchcape plans share consolidation
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International auto retail and distribution group, Inchcape, will ask shareholders at its AGM on May 13 to approve a share consolidation. The plan is for 10 existing ordinary shares to be consolidated into one new
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