Pendragon has taken a £92.2 million write-down of goodwill due to “market conditions”, failed to hit its own £50m underlying profit prediction and has seen its profit before tax figure drop to a...

Pendragon has appointed Mark Herbert to succeed Trevor Finn as chief executive officer next month. Mr Herbert joins Pendragon following a 20 year career with Jardine Matheson Group across a diverse...

January was a relatively quiet month for retailers reporting or making announcements. First came Cambria which, at the start of January, outlined its trading for the first three months of its current...

At the end of the first week in December, Mike Allen, a market analyst for Zeus Capital, published a note analysing the results for Inchcape while offering a view on its future. He commented:...

When I first started writing about the auto retail industry, just over 20 years ago, Pendragon was already established as one of the leading players. Its chief executive, Trevor Finn, was our...

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...

Pendragon has announced that its founder and CEO, Trevor Finn, is to retire from the company in the new year. In a statement to shareholders issued on Friday evening, the group said Finn had “agreed...

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...

Is a retailer legally bound to include in its advert for a vehicle where a customer can buy an equivalent one cheaper? It could be, if you logically extend the train of thought that led District Judge...

  CAMBRIA QUESTIONS HONDA, NISSAN AND VAUXHALL VALUE PENDRAGON FINE COULD SET SECTOR-DAMAGING PRECEDENT IM CONSIDERS INTRODUCING NEW BRAND SUZUKI TO FORM BUSINESS SPECIALIST NETWORK OMBUDSMAN...

Three automotive retail groups announced results in October – Vertu, Marshalls, and Pendragon. Vertu’s unaudited interim results for the six months ended 31 August 2018 offered mixed results....

Shares in Pendragon ended last week almost 10% up as investors ploughed back into the auto retail group after the previous week’s profit warning. The confidence seemed justified as Pendragon...

  GRANT CUTS MAKE ULEVs `UNVIABLE’ FOR FLEETS SHARES RECOVER AS PDG TURNS Q3 PROFIT SPIKE IN RECALL WORK FOR BMW AND TOYOTA CLICK DEALER TAKES F&I DIGITAL AWARD VOLUME BONUS POLICY HURTS...

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...

HALLIWELL JONES PROFIT FALL ‘SATISFACTORY’, SAY DIRECTORS FCA REORGANISES FLEET RETAILER NETWORK SUV SALES MIS-MATCH LCV VALUES SHOWING STRONG GROWTH CAR SHARING CLUB GETS BIRMINGHAM CITY COUNCIL...

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...

As the SMMT noted in August UK new car sales stabilised, rising 1.2% on the same period in 2017 with 163,898 new vehicles registered in the month. Interestingly, the SMMT reported the “used car...

RYBROOK: PROFITS DOWN BUT SHARES UP WLTP POWERING AUGUST REGISTRATION BUBBLE  BOOK NOW FOR AUTO RETAIL NETWORK’S ECONOMIC FORUM  USED UK IMPORTS ACCUSED OF WORSENING IRISH AIR QUALITY EAST...

I doubt I was the only one tuning into the Auto Retail Network Q3 webcast earlier this week who found the message coming from the sharp end of the business quietly reassuring. Between them Andy Bruce,...

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...