Pendragon says keeps cautious outlook, Q1 in line

Newswire

LONDON, April 28 (Reuters) - British car dealer Pendragon said on Friday it was maintaining its cautious outlook for 2006 as trading in the first quarter had been in line with its expectations. "The market for new cars has been down by around five percent so far this year when compared to last year. I believe this will be representative of the market for the remainder of this year," Pendragon Chairman Nigel Rudd said in a statement.

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