Managing Director Jeff Mannering commented:
"We are aware of the economic situation that is affecting the automotive industry in particular. Reporting these results we don't mean to be shouting from the rooftops, but rather continue the tradition of annual results reporting. We are proud of our results and the hard work of our dealers, but like everyone else we hope for a positive future ahead."
Mannering continues, "According to our forecasts the main impact will result from the decrease in available car loans, but we hope the Middle East region will pull through the crisis quickly. By maintaining stable price levels we aim to support the buyer confidence in the market and secure the resale value of our customer's cars for the future."
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