British car dealer Pendragon expects new and used vehicle supply shortfalls for the last quarter of 2022 and into next year but forecast annual group underlying profit for the current fiscal year in line with its expectations.
Pendragon said in a statement on Tuesday that the new car order bank remained well above historic normal levels at more than 20,000 at the end of September.
Pendragon is Europe’s ninth-largest dealership group by revenue, according to Automotive News Europe‘s 2021 Guide to Europe’s biggest dealer groups. It has 142 franchise points in the UK.
This article was originally published by Autonews.com. Read the original article here.