UPDATE 1-Pendragon says consumer slowdown to hit profit


(Adds details, background) LONDON, June 25 (Reuters) - Pendragon Plc , Britain's biggest car dealer, said on Monday a slowdown in consumer spending would hit operating profit by about 20 million pounds ($40 million) this financial year, and 10 million next year. "We see the market for used cars for the remainder of the year as subdued," Pendragon said in a statement. The firm said in a statement that higher interest rates, as well as cut-price competition among manufacturers of new ...

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