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Pendragon’s board expects the AM100 car retail PLC to “comfortably outperform” its previous expectations for 2023 after delivering a 23% rise in underlying pre-tax profits during Q1.
Pendragon cranked up profits by more than expected in the first three months of this year as double-digit increases in the number of vehicles sold…
Pendragon has opened the doors to two new BYD electric vehicle (EV) dealerships in Birmingham and Milton Keynes today – with a further four planned openings for the Chinese car brand.
Pendragon has said that car sales growth in Q4 helped propel it to a “better than expected” 2022 financial performance in a trading update published this morning (January 25).
Swedish car retailer Hedin Mobility Group has withdrawn its £400 million takeover offer for Pendragon due to “challenging economic conditions”.