Pendragon has been hit by recent new-model sales affecting secondhand.....but the fact remains that in any downturn, non-essential purchases are put-off.
-That applies to extensions, kitchens, and cars.
If you can keep your car a couple of years (longer), that will save money.
- If Bosses are trying to restrict wages, they cannot change their company car!

Any views on this business - perhaps from Car-Buyers who know them?

Fiesta are/were made in Spain, as the name suggests - the Ka (rerplacement?) is scheduled to be built IN the Fiat factory (in Poland). - that's what I found surprising....but these days much of the minor-kit is outsourced, so why not the production?
As you indicated, Harrycat, production is in batches and it's just possible the new Ka might be a JV, with Fiat building a similar model, using the same jigs, etc...with a different appearance - - - as a replacement for the Panda/Punto.

I read that there was significant over-production of cars.
This is even worse now that Asian economies are keen to build their own. China is already making the "Rovere 75" -using the jigs and tooling bought from Longbridge.

Have just bought a s/h Rover 600 - it's a "walnut-version" of the Honda Accord.
EDIT (12Nov08) - Arrgh -
-there I've said it!
Cars still failing to shift and I cannot see a return to "normal" - indeed I suspect we shall soon see MP's being whisked about in "smaller" limos.

Sell Pendragon at all costs...even Ford, Chrysler and GM are going into administration.

Another great call by Master RSI back in June post 2 .... NOT !

1.5p...where is it going? sub 1p very likely.

You need extra large cojones to buy this share @1.4p as the future is bleak but if you do decide to buy beuno suerta.

I dont reckon we shall hear from Master RSI again.

Give him a break.

I made money on his recommendations trading short-term and I'm sure he did as well.

He's probably on a beach somewhere!

As for PDG it appears the SM has decided they won't be around much longer along with loads of other companies.

Probably an exaggeration but I heard someone saying they reckon 75% of listed companies will go bust. Would think it would be nowhere near that but so far the credit crunch/recession has been worse than forecast so why not a depression?

Well either way they look doomed cant see them existing after Xmas.

Like a lot of co's.

Doomed imo wont be long now.

A glimmer of hope according to the FT today the Banks have given Pendragon more breathing space on interest due in late 2008.

They have a chance.

Pendragon has shelved the sale of software subsidiary Pinnacle it hoped would
raise cash to buy it time in negotiations with its banks - Sunday Times

Thanks for that Greystone the weather is wet and cloudy today whats it like your end ..?

Much the same mitzy :(

Wet and cloudy again.

What a surprise..lol.

On bid alert someone bought 60 mills shares.

anyone else in..?

Wonder if Nigel Rudd who already owns 11 mill shares has bought the other 60 mill he is a genial operator.

The overhang has been cleared which is good news .

Classic chart I see no reason why 100p in 12 months.

mitzy go to your local car showroom and count the unsold cars.