Pendragon sees year at upper end of forecasts

Newswire

LONDON, April 25 (Reuters) - British car dealership firm Pendragon Plc said on Friday it expected full-year results at the upper end of expectations amid some signs of improvement in its tough markets. The firm said new car net profits per unit grew faster in the first quarter than in any of the previous three quarters, but volumes were down 4 percent. Used car sales volumes increased 2 percent year-on-year. (Reporting by Alastair Sharp, Editing by Mark Potter)

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