Car finance dealers weather tough period

Tue, 13 Nov 2007



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.
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