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Automotive retailers were obliged to accelerate their omnichannel retail plans in response to the COVID-19 pandemic, but another by-product of this development has been the demise of the haggle.
5 people found this useful Pendragon partially credited the “high degree of protection” against ‘Lockdown 3’ offered by its new digital approach to car retail for a £10.8 million underlying profit in Q1. The AM100 PLC managed to deliver a year-on-year rise in underlying profit of 569.6% - from last year’s £2.3m loss – in the three-month period to March 31, a trading update published this morning (April 21) revealed. The £13.1m increase compares to the £3.4m profit improvement flagged by the group in January and March's 2020 annual financial results statement. Pendragon’s lik...