The new owner of Nottingham-based car retailer Pendragon is set to cut hundred of jobs following the drop in supply of used vehicles post-pandemic, according to reports in the Financial Times.
After a long bidding war, Lithia agreed to buy Pendragon’s dealerships and used car marketplace CarStore last year. Now, however, as noted by the Financial Times, staff have been told of plans to close CarStore.
Around 250 roles could be lost across the UK if the plans go ahead, with most of these coming from the closure of 16 CarStore sites.
Lithia is to start consultations with colleagues about potential redundancies.
