City analysts and commentators this week were digesting the impact of a profit warning from Britain’s biggest motor retailer, following a slump in new car sales, with a flurry of discussion about the prospect of a long-term halt to car ownership growth.
Dealer Pendragon said its profits this year were declining by a quarter and the future uncertain, alongside SMMT figures that new registrations fell by 9.3% in September following a 6%drop in August and a 9% fall in July.
Trevor Finn,...
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