data2009-11-05T14:39:28-00:00Pendragon PLC Discussiontag:iii.co.uk,2003:tst.5546331Re: Oct New car registrations upSo why has +30% dropped off these in the past few weeks then, I cant really find any evidence for this, am I missing something?...hudstud2009-11-05T14:39:00-00:002009-11-05T14:39:00-00:00tag:iii.co.uk,2003:tst.5545917Re: Oct New car registrations upmy point about registrations and profit was and i am sure you fully understood that its totally irelevant if numbers are up if your not making any money. and they are up only on last years disatourous registrations...and yes i agree now is the time to sell, as Pendragons used car operation is nothing less than a shambles, UCM great theory lousy practice...ex pendragon2009-11-05T13:47:00-00:002009-11-05T13:47:00-00:00tag:iii.co.uk,2003:tst.5545864Re: Oct New car registrations upBut on a more serious note, some good points you make. My own research suggests that PDG are no worse than the other dealers, but I have more knowledge of the 2nd hand game anyway. Either way it's a moot point for me, I've held on to those far too long, and another 2p(and a bit) off the price hits my stopper, which would see me selling these up and taking my profits elsewhere.Eventrollsloverocknroll2009-11-05T13:37:00-00:002009-11-05T13:37:00-00:00tag:iii.co.uk,2003:tst.5545800Re: Oct New car registrations upThanks for that ex pendragon. Up until that point I didn't realise that profits were important for a company. Who'd have thought it, that must be where I've been going wrong all these years :-)Eventrollsloverocknroll2009-11-05T13:30:00-00:002009-11-05T13:30:00-00:00tag:iii.co.uk,2003:tst.5545744Re: Its that time of yearwell with the news that registrations of new cars are up (against last year) it doesnt look like it is helping Pendragon, i would sugest to GTEN, that he speaks to the Volvo dealers who are actually making money from a very loyal customer base, and then go and try to negotiate a deal at a Pendragon site...Pendragon are there own worst enemys, they have destroyed staff morale and loyalty(the highest turn over of staff in motor trade) and in return that has brought about poor customer relationships and very few return and buy another car from this them. think you will see Vertu. Lookers. Sytner and Vardy group, slowly picking up dealerships from Pendragon as more and more manufacturers terminate there contracts,ex pendragon2009-11-05T13:22:00-00:002009-11-05T13:22:00-00:00tag:iii.co.uk,2003:tst.5545592Re: Its that time of yearGTEN...I know of a Volvo Dealer who will make 650K NET this year so it is PDG who are fault, NOT the franchises they chose to represent. From the inside it is possible to see and believe the facts as they are and not the fairy tales of Shareholders trying to talk up the prospects of this company for their own gains....OKNOWBYEBYE2009-11-05T13:00:00-00:002009-11-05T13:00:00-00:00tag:iii.co.uk,2003:tst.5545001Re: Oct New car registrations upregistrations mean nothing, its profitabillty not numbers.........ex pendragon2009-11-05T11:30:00-00:002009-11-05T11:30:00-00:00tag:iii.co.uk,2003:tst.5544422Oct New car registrations upJust announced this morning...jarrow sparrow2009-11-05T10:10:00-00:002009-11-05T10:10:00-00:00tag:iii.co.uk,2003:tst.5544276Re: Its that time of yearWell what a load of moaners. Who is shorting this stock? Not Trevor Finn I guess. This is the biggest car company in the UK and has a sound structure. OK so some franchises go down - what do you expect from Volvo! I still bel;ieve this is good to buy and will show my conviction again. About time others started believing in it too...GTEN2009-11-05T09:50:00-00:002009-11-05T09:50:00-00:00tag:iii.co.uk,2003:tst.5542206Re: Its that time of yearParty time.........!...goddaddy2009-11-04T20:13:00-00:002009-11-04T20:13:00-00:00tag:iii.co.uk,2003:tst.5531467Re: Its that time of year...executive12009-11-03T08:16:00-00:002009-11-03T08:16:00-00:00tag:iii.co.uk,2003:tst.5529672Re: It's that time of year"The flogging will contine until moral improves"...Fateddie2009-11-02T18:20:00-00:002009-11-02T18:20:00-00:00tag:iii.co.uk,2003:tst.5529319Re: It's that time of yearit seens morale among the sales force is at a all time low, speaking to a sales exec from leeds renault who has been lucky that he has found another position informed me all the sales exec were giving a dressing down on a saturday for over an hour were they were all called useless individuals and worse, wonderfull for morale, customers who had made the mistake from buying from this shower as customer service is zero were kept waiting till the roasting of the sales staff was concluded, ...ex pendragon2009-11-02T16:53:00-00:002009-11-02T16:53:00-00:00tag:iii.co.uk,2003:tst.5528306It's that time of yearyes yet another site has closed - 'Stratstone' ex Volvo site in Cardiff last friday(30th Oct), Volvo withdrew their franchise a few months ago(only two Volvo franchises left with PDG from 25 a couple of years' ago), tried to continue as a independent Volvo specialist repairer and the 'wonderful'!!!! UCM sales programme - guess what, yes they failed. Redundancies followed(most voluntary as the long serving loyal staff saw the writing on the wall), it took only a month after that that the doors finally shut on once what was a thriving business ruined by the number crunchers and the 'yes' men currently at PDG, they appoint senior!!! personell at dealerships without any authority or portfolio and expect results, the market has changed and unfortunately PDG has not moved with it, franchises are being lost as many manufacturers are loosing patience with PDG, therefore there will be more sites closing in the near future, will there be much left - i doubt it, i am a share holder(holding losses) so i am therefore an interested party hoping for some recovery with PDG, and unless the very senior directors come to terms with the current market and take positive steps to encourage it's staff towards productivity and profit - yes profit, particularly from it's sales, then i'm afraid it will fail.hugoandmoya2009-11-02T14:08:00-00:002009-11-02T14:08:00-00:00tag:iii.co.uk,2003:tst.5527541It's That Time of YearThe time when all the PDG 2010 plans have to be submitted to the Regionals and beyond. I hear quite a few have been sent back to DP's with an instruction to raise the forecast Net Profit or face closure. Where this is unachievable the sites are to close and I know of 1 site where this is happening, the doors will be closed for the last time very soon and another empty premises will stand testament to the skills and decision making of the main board. P.S.. How many sites are left, does anyone know?...OKNOWBYEBYE2009-11-02T12:07:00-00:002009-11-02T12:07:00-00:00