UK's biggest car dealer to focus on used ​vehicles as profits dive

Photo of UK's biggest car dealer to focus on used ​vehicles as profits dive
Facebook
VKontakte
share_fav

Pendragon, trading as Evans Halshaw and Stratstone, is also selling some of its dealerships

Britain’s biggest car dealer is switching its focus to the used market, after a slump in sales of new vehicles dragged down its annual profits by a fifth.

Pendragon, which trades under the Evans Halshaw and Stratstone brands and sells all the main marques, said profit before tax fell to £60.4m last year from £75.4m in 2016.

Continue reading...
view The Guardian: Money
#motoring
#automotive industry
#money