• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

VIDEO: Pendragon powers ahead with a strong set of figures

Dave Brown by Dave Brown
August 6, 2014
0
Home News

trevor-finnPENDRAGON plc, the UK’s leading car retailer, has announced a strong set of results for the first six months of 2014.

Underlying profit before tax increased by £9.2m to £32.8m, an increase of 39 per cent, with gross profit up 7.8 per cent and operating profit up 16.3 per cent.

And the company is increasingly confident that it is making the most of the internet, with more than eight million visitors to its websites from January to June 2014, an increase of 16.2 per cent.

A major contribution to the firm’s success so far this year came from its used car operation. Pendragon recorded a used car gross profitability increase of 13.7 per cent (like-for-like). Used gross profitability on a like-for-like basis has increased by £21m or 38.9 per cent in four years.

New car profitably wasn’t far behind, with profitability increasing by 9.4 per cent.

Chief executive Trevor Finn said: ‘Strong performance in our used, aftersales and new departments generated growth in underlying profit before tax of 39.0 per cent.

‘The internet transformation of our business continues to yield sizeable benefits for the Group, as website visitors grew by 16.2 per cent.

‘The balance sheet, combined with our strong cash flow, now gives us the flexibility to invest in our national footprint. We are increasingly confident that we are positioning Pendragon for the future: to be number one on the internet; leverage our superior IT systems; complete our national footprint to increase customer touch-points, and offer customers value for money.

‘Our performance for the full year remains comfortably in line with expectations and the Board has announced a dividend of 0.3p per share, in line with the final dividend for 2013.’

Pendragon’s largest representation is with Ford. The company’s specialist marques range from Maserati to Mercedes-Benz and it is also a retailer of Harley-Davidson and Triumph motorcycles.

Previous Post

#CDPower: Car Dealer Power pictures now live!

Next Post

Market Insights: Growth at Caffyns follows strong preliminary results

Related Posts

Furlough scheme should be extended as survey reveals a quarter of manufacturer jobs are at risk of being lost
News

Car production hit by supply chain issues due to post-Brexit delays, Covid-19 and lack of parts

January 17, 2021
Three cars worth total of £60,000 stolen in ‘daring raid’ from Volkswagen dealer after criminals broke in and took keys
News

Three cars worth total of £60,000 stolen in ‘daring raid’ from Volkswagen dealer after criminals broke in and took keys

January 17, 2021
Former bosses of West Way Nissan and Jaguar Land Rover launch electric scooter brand in the UK
News

Former bosses of West Way Nissan and Jaguar Land Rover launch electric scooter brand in the UK

January 17, 2021
Lookers Stockport takes two top prizes at Kia’s Dealer Excellence Awards
News

Lookers Stockport takes two top prizes at Kia’s Dealer Excellence Awards

January 17, 2021
Jan 17 round-up: 324,000 vaccines in 24 hours; G7 heads to Cornwall; Aviation calls for support; Biden plans first changes
News

Jan 17 round-up: 324,000 vaccines in 24 hours; G7 heads to Cornwall; Aviation calls for support; Biden plans first changes

January 17, 2021
Groupe PSA and FCA merger gets closer to reality as Stellantis shares prospectus is approved
News

Stellantis is officially here as Groupe PSA and FCA complete merger

January 17, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

December 21, 2020
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team
Car Dealer Live

Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team

January 15, 2021
Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown
Car Dealer Live

Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown

January 17, 2021
Less demand at home and abroad sees car production drop by nearly a fifth
News

Car dealers blast manufacturers for continuing to impose sales targets during lockdown 3 as ‘morally wrong’

January 15, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 15, 2021
Car Dealer Power

Car Manufacturer of the Year – Where did your manufacturer rank in Car Dealer Power 2020?

January 15, 2021
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C