PENDRAGON, the UK’s biggest car dealership, yesterday promised to deliver full-year results ahead of expectations, buoyed by low interest rates and strong consumer demand.
The Nottingham-based company reported “stronger than anticipated” trading since the end of July as it unveiled a 53 per cent rise in pre-tax profits to £23.7 million for the six months to June 30.
Trevor Finn, chief executive, said that he expected the current economic and trading conditions in the UK to continue until “at least the end of the year”.
Mr Finn added: “With the prospect of low financing costs in the near term and with car manufacturers pushing the market, it is difficult to see why there should be a tail-off in demand.”
Pendragon said it expected to beat