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Car sales OK (INCH)     

hangon - 28 Aug 2008 13:20

looking at the sp Inchcape appears to have withstood the big fall in sp. down c.50% since Aug07 - the start of the Credit Crunch . . . . .

By comparison look at INCH and PDG (Pendragon) - from abouit 2005/6 they are somewhat similar (ignore noise!) and then at Aug07 the charts change - such that Pendragon is now about 80% down.

Why has Inchcape fared so much better?

They claim they are "independent" - but I can't imagine this means they are not tied to the Manufacturers - otherwise they won't get the best discounts, will they?

So when will INCH suffer similar falls....?

Can't say I'm impressed by Inchcape's website - far too strong on investor relations...which really means no information at all.....where are the Best Car-Deals?

EDIT (12Nov08), some Director-buying boosted this to 78p, but it slipped back on Media News that car sales are dire (and Retail!), so I suppose no-one expect this to improve for another year - 50p someone?
(Last month Dir-Buy was minute - 7k which wouldn't buy a Dir-car....oops!)

Stan - 05 Jan 2016 18:22 - 80 of 80

A car sales firm worth looking at again, anyone traded them over the last year?
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