Despite being a 30.6% drop on 2021’s £83m earnings, the £57.6m underlying pre-tax profit that Pendragon made in 2022 has exceeded expectations,. Trading under the Stratstone and Evans Halshaw brands, Pendragon had been expected by market analysts to deliver £49m. Results for 2022 show that revenue grew by 4.9% to £3.62 billion, and operating profit […]

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Chinese car giant Chery will launch its new Omoda 5 crossover in the UK in early 2024. The Omoda will be the first of several models from a new ‘fashion’-focused and EV-biased brand at the forefront of the company’s global expansion. Chery is China’s most prolific automotive export brand, selling 450,000 vehicles across Asia, Australia, […]

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