UK's biggest car dealer to focus on used ​vehicles as profits dive

Pendragon, trading as Evans Halshaw and Stratstone, is also selling some of its dealerships

Britain’s biggest car dealer is switching its focus to the used market, after a slump in sales of new vehicles dragged down its annual profits by a fifth.

Pendragon, which trades under the Evans Halshaw and Stratstone brands and sells all the main marques, said profit before tax fell to £60.4m last year from £75.4m in 2016.

Source: FS – All – Economy – News 2
UK's biggest car dealer to focus on used ​vehicles as profits dive