Inchcape says it is on track to meet full year profit expectations following “significant strategic progress” to sell off dealerships.
Inchcape’s UK trading profits were down “significantly” over the first half of this year as pre-registration activity put pressure on new and used car margins.
Inchcape experienced pressure on its trading profits and margins in its UK business for its half year results ended June 30, 2016.
Inchape is trading in line with expectations, according to trading statement made this morning.
Inchcape's new boss says he is to lead the company on an “evolutionary journey” to maximise growth opportunities as the company reported a drop in UK profit.
Inchcape has announced the appointment of Richard Howes as the group's new chief financial officer ahead of John McConnell's exit.
Inchcape has revealed in its latest trading update for Q3 that its UK business showed “robust revenue growth” as the group benefited a strong UK new car market.
Inchcape's new boss says the company is in a strong position to capitalise on favourable UK market conditions - and acknowledged tougher trading in used cars.
