Brexit uncertainty and air pollution plans hit cars sales as company says decline will continue into 2018 Shares in the UK's biggest car dealer have plunged by 17% after a surprise profit warning which also raised new fears over consumer spending. The alert from Pendragon, which trades under the Evans Halshaw and Stratstone fascias, and sold 159,000 used cars last year, is the latest in a raft of profit warnings issued in recent weeks by UK companies blaming worsening consumer confidence.
Brexit uncertainty and air pollution plans hit cars sales as company says decline will continue into 2018 Shares in the UK's biggest car dealer have plunged by 17% after a surprise profit warning which also raised new fears over consumer spending. The alert from Pendragon, which trades under the Evans Halshaw and Stratstone fascias, and sold 159,000 used cars last year, is the latest in a raft of profit warnings issued in recent weeks by UK companies blaming worsening consumer confidence.
Share this Article
Recommended