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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Auto Trader says new car market ‘remains challenging’ despite sales rise

Online car seller Auto Trader saw shares slump despite stronger revenues (Auto Trader/PA) -

Auto Trader has revealed a rise in revenues for the past six months, but said the market for new cars “remains challenging”.

Shares in the company slid after it downgraded the average revenue it expects to make per retailer this financial year, despite a higher level of transactions.

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