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Pendragon predicts more consolidation ahead

Pendragon has predicted more consolidation in the motor trade.

It said a sharper fall in car sales in 2006 would produce such a climate.

Pendragon expects to take control of Reg Vardy next week and it is believed to be sizing up Lookers.

References: Financial Times 10/02/06 page 20, The Times 10/02/06 page 50 (Need to know), The Daily Telegraph 10/02/06 page B4, page B5 (Deal Maker), The Guardian 10/02/06 page 28

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