Luxury car dealer warns of slowdown

Car retailer HR Owen yesterday said it would post a small loss for the second half of 2011 as it warned of a slowdown in demand for luxury cars.

By The Newsroom

Published 1st Nov 2011, 00:00 BST

The company, which offers Bentley, Bugatti, Ferrari, Lamborghini, Maserati and Rolls-Royce, also said the supply of certain new car models has been adversely affected by market conditions. But it added: “We continue to enjoy a strong balance sheet.”