results11 Jun 2009 20:31
Results are due out this month, and as an employee of Pendragon I think they will be pretty surprising in a good way. My employer aside, the used car market is absolutely on fire with used cars fetching way more than the Glass trade price. This huge shortage of stock is increasing values and therefore blowing the budgets in used cars to pieces. Yes new cars are struggling but the stable manufacturers are applying extra bonus to certain new cars and this is massaging the market and aiding new car profit streams. I see this share going further north, it has been a solid investment for the last 6 months. Please do your own research and I am not ramping, I am just in a great position to know the facts hence me posting because of some of the junk i've read from people who are clearly clueless.