A number of top
car dealer groups that also provide
car finance to UK consumers saw their
shares bounce back last month after a particularly tough
period. Shares in troubled
car dealer group Pendragon, for instance, soared by 17 per cent
in October.
Pendragon, the top dealer group mentioned in
Motor Trader’s top 200 list, have faced a tough period
but seem to have come out the other side. The
car company wasn't alone in having a good October, with
car dealership Lookers shares up 35 per cent in October. Other
car dealerships saw their
share value move forward. However,
car finance industry experts warned that November may see a
fallback for some groups, despite current high levels of consumer
confidence.
Financial services experts advise car
finance seekers to shop around to secure the best deal.
