1 September 2014 – pre-close trading update

In the six months to 31 August, trading has continued to be in line with expectations and further progress is expected during the rest of the financial year.  On 27 August, the group opened a new Fiat brand centre in Newcastle representing Fiat, Alfa Romeo and Jeep.  Interim results are due on 15 October and we continue to recommend the shares as a BUY.