Pendragon delivers rise in profits

The company’s performance was boosted by the strong performance at its new and used-vehicle businesses, particularly in the second quarter.

The company, whose car business operates under the brands Stratstone, Evans Halshaw, Chatfields and California, said it continued to expect a positive performance from its used-cars businesses given the improvement in margin seen in the second quarter.

Pre-tax profit during January to June rose to £23.6m ($36.9m) from £18.2m a year earlier.

Revenue rose eight per cent to £1.91bn.

New vehicle like-for-like sales rose about 14 per cent, while that from used vehicles increased 7.5 per cent.