Mixed fortunes for UK auto retailers
03 March 2018
Two UK retailers reported to the market in February, Pendragon being first. Its figures for 2017 didn’t make for great reading. While revenue rose 5.1% to £4.65bn, gross profit fell 1% to £546.3m and profit before tax fell 18.4% to £62.4m. While used car revenue rose 15.4%, leasing revenue rose by 39%, and aftersales revenue…
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