S&P warns of price pressure in UK motor
The UK motor industry has enjoyed a period of stability and profitability over the past few years, but this will not continue without price rises, according to a report " U.K. Motor Market Continues To Report Profits, But Underlying Data Show Significant Deterioration " published by Standard & Poor's Ratings Services.
"The release of prior-year reserves has ensured another profitable year overall," said Standard & Poor's credit analyst David Laxton. "But this level of reserve releases cannot be sustained at the
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