<br />
ONLINE WEEKLY<br />
MOTOR TRADER<br />
ISSUE 39 THE VOICE OF THE CAR RETAILING SECTOR 3 MARCH 2010<br />
<br />
Pendragon bounces<br />
back into the black<br />
Curtis Hutchinson<br />
<br />
<br />
Pendragon, the UK's biggest<br />
dealer group, has returned<br />
to profit after turning pre<br />
tax losses of £194m in 2008<br />
into a £1.3m profit in 2009,<br />
albeit on significantly reduced<br />
revenues.<br />
In its preliminary results<br />
for the year to 31 December<br />
2009 revenues dropped from<br />
£4.2bn to £3.2bn, although<br />
underlying pre-tax profits<br />
for the period leapt from a<br />
£33.6m loss into a £10.1m<br />
profit.&lONLINE WEEKLYMOTOR TRADERISSUE 39 ONLINE WEEKLYMOTOR TRADERISSUE 39 02 NEWSJCT600 scoops upBramall & JonesCurti 02 NEWSJCT600 scoops upBramall & JonesCurtiNEWS 03Manheim restructures retail operations NEWS 03Manheim restructures retail operations04 NEWSRenault nominates11 sports specialist 04 NEWSRenault nominates11 sports specialistMarshall GroupMOTOR RETAIL SALES MAN Marshall GroupMOTOR RETAIL SALES MAN10 BUYERS GUIDEAir ConditioningAccountants 10 BUYERS GUIDEAir ConditioningAccountants