International car dealer Inchcape said quarterly revenue was flat but slightly ahead of its expectations on strong demand for premium vehicles in the UK, Russia and emerging markets.
The London-based automotive group said it expects demand for its premium and prestige brand cars to remain strong in Asia-Pacific and emerging markets in 2012.
In UK, it expects to continue to gain market share. Q1 like-for-like revenue in the UK rose 4.9%.
Inchcape reported global revenue of £1.56 billion pounds for the first quarter, in line with last year.
Revenue in Russia and emerging markets surged 19.5 percent.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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