<br />
ONLINE WEEKLY<br />
MOTORTRADER<br />
ISSUE 19 THE VOICE OF THE CAR RETAILING SECTOR 28 AUGUST 2009<br />
<br />
Car trade left with<br />
property mountain<br />
Franchised dealers burdened with surplus<br />
property on their books in the downturn<br />
<br />
<br />
John Kirwan<br />
<br />
<br />
DEALERS are sitting on a<br />
mountain of surplus property<br />
in the downturn.<br />
Pendragon, the UK's number<br />
one dealer, has £39m worth<br />
of UK property surplus to<br />
requirements.<br />
Automotive Property<br />
Consultancy (ACP) has 140<br />
former dealerships on the<br />
market in England, Scotland<br />
and Wales. Of those 55 per<br />
cent are to let, 20 per cent to<br />
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