Car dealer Pendragon slumps to loss after having to drop pricesApril 17, 2019
Nottingham-based company’s new CEO will decide whether to continue with five-year plan
Pendragon, one of Britain’s biggest car dealers, has slumped to a loss in the first quarter after it was forced to lower prices to shift cars.
The Nottingham-based company, which trades under the Evans Halshaw, Stratstone and Car Store brands, also said the cost of expanding its second-hand car business had been higher than expected.
Source of this (above) article: https://www.theguardian.com/business/2019/apr/17/car-dealer-pendragon-slumps-to-loss-after-having-to-drop-prices