Notts car giant predicts profits slump
Pendragon, the Nottinghamshire headquartered firm behind the Stratstone and Evans Halshaw dealerships, has said it expects profits to fall back this year, before returning to growth in 2018.
The firm told the London Stock Exchange this morning that profits will come in at around the £60m - down from £75.4m last year.
Pendragon is putting the performance down to a decline in demand for new cars and the consequent used car price correction.
A statement from the firm said: "During the quarter as consumer confidence waned we ex... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
