Pendragon, the UK’s biggest car dealer, is to take advantage of a sluggish market by removing weaker competitors. Financial Times
Pretax profit in the six months to 30 June fell from £51.5m to £33.5m, but turnover rose from £2.6bn to £2.7bn, boosted by the acquisition of new dealerships.
Last week Pendragon bought 19 dealerships from the administrators of Dixon Motor Group.
Trevor Finch, chief executive, said he would continue a policy of ‘taking advantage of the difficulties’ of competitors to drive consolidation of the fragmented car sales market.