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Vehicle sales slowdown sparks City concern over ‘peak car’

MOTOR INDUSTRY

27 October 2017
 

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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