Inchcape launches new Porsche centre

Part of a global automotive group, Inchcape Retail is one of the UK’s largest groups holding franchises for Audi, BMW, Ford, Jaguar, Land Rover, Lexus, Mercedes-Benz, Mini, Porsche, Smart, Toyota and Volkswagen.

It’s stated vision is to be “the world’s most customer-centric automotive retail group” around its Inchcape Advantage programme and based on a scale retail business with these premium brand partners, together with a fleet leasing operation.

Strategy is based on five priorities: growing market share, growing aftersales, improving margin, controlling working capital and selective capital expenditure investment.

Inchcape’s full-year 2011 pre-tax profit improved 5.9% to £203.4 million from £192.1 million, and pre-tax profit before exceptional items grew to £227.7 million from the prior year's £214.0 million.

In July 2012, Inchcape announced its UK business had grown half-year operating profits by 4.8% against the first half of 2011, despite revenues remaining flat at £1.085bn.

On taking out its Inchcape Fleet Solutions division, like for like sales at its Inchcape Retail dealer group actually rose by 3% to £1.064bn in the period, and its trading margin improved from 3% to 3.2%, a record for the business. The trading profit rose 4.3% to £33.8m.

Inchcape said the group has gained market share and revenue growth was driven by strong new product launches including the Audi A1 Sportback, Audi Q3, BMW 3 series and 6 series GT, Mercedes-Benz B Class, Lexus GS, the MINI Roadster, the new Porsche Boxster and 911, the Toyota Yaris Hybrid, the VW Beetle, Passat Coupe and Up.

In Q3 it said the UK had delivered a "strong performance".

In March 2013 the group reported it achieved a record return on sales of 2.8% in 2012 following continued focus on margins and overheads.

The dealer group increased sales by 3.6% from £2.02bn to £2.1bn. On a like-for-like basis sales were £100,000 up at £2.08bn.

Trading profit rose by 8.4% year on year to £58m, and trading margin rose to a company record 2.8% from the prior year's 2.6%.

Inchcape operates in core regions of the South East, Midlands, North and North East of England with 128 retail centres.

Each of its car dealerships has specially trained sales staff for retail, fleet and business vehicle sales, together with manufacturer trained staff to help with parts and service requirements.

The distribution element of our results is made up of our fleet leasing business, Inchcape Fleet Solutions (IFS), which offers fleet management and leasing services to corporate and Government customers. With over 50 years’ experience in the automotive industry, IFS has a combined fleet size of approximately 41,000 vehicles.

Inchcape is based in London and employs around 13,900 people. It has been listed on the London Stock Exchange since 1958.

Please note: Data for this business is limited to information provided voluntarily from time to time by the business on request, or is derived from data disclosed in the accounts of a larger entity of which this business is a part.

Part of a global automotive group, Inchcape Retail is one of the UK’s largest groups holding franchises for Audi, BMW, Ford, Jaguar, Land Rover, Lexus, Mercedes-Benz, Mini, Porsche, Smart, Toyota and Volkswagen.

It’s stated vision is to be “the world’s most customer-centric automotive retail group” around its Inchcape Advantage programme and based on a scale retail business with these premium brand partners, together with a fleet leasing operation.

Strategy is based on five priorities: growing market share, growing aftersales, improving margin, controlling working capital and selective capital expenditure investment.

Inchcape’s full-year 2011 pre-tax profit improved 5.9% to £203.4 million from £192.1 million, and pre-tax profit before exceptional items grew to £227.7 million from the prior year's £214.0 million.

In July 2012, Inchcape announced its UK business had grown half-year operating profits by 4.8% against the first half of 2011, despite revenues remaining flat at £1.085bn.

On taking out its Inchcape Fleet Solutions division, like for like sales at its Inchcape Retail dealer group actually rose by 3% to £1.064bn in the period, and its trading margin improved from 3% to 3.2%, a record for the business. The trading profit rose 4.3% to £33.8m.

Inchcape said the group has gained market share and revenue growth was driven by strong new product launches including the Audi A1 Sportback, Audi Q3, BMW 3 series and 6 series GT, Mercedes-Benz B Class, Lexus GS, the MINI Roadster, the new Porsche Boxster and 911, the Toyota Yaris Hybrid, the VW Beetle, Passat Coupe and Up.

In Q3 it said the UK had delivered a "strong performance".

In March 2013 the group reported it achieved a record return on sales of 2.8% in 2012 following continued focus on margins and overheads.

The dealer group increased sales by 3.6% from £2.02bn to £2.1bn. On a like-for-like basis sales were £100,000 up at £2.08bn.

Trading profit rose by 8.4% year on year to £58m, and trading margin rose to a company record 2.8% from the prior year's 2.6%.

Inchcape operates in core regions of the South East, Midlands, North and North East of England with 128 retail centres.

Each of its car dealerships has specially trained sales staff for retail, fleet and business vehicle sales, together with manufacturer trained staff to help with parts and service requirements.

The distribution element of our results is made up of our fleet leasing business, Inchcape Fleet Solutions (IFS), which offers fleet management and leasing services to corporate and Government customers. With over 50 years’ experience in the automotive industry, IFS has a combined fleet size of approximately 41,000 vehicles.

Inchcape is based in London and employs around 13,900 people. It has been listed on the London Stock Exchange since 1958.

Please note: Data for this business is limited to information provided voluntarily from time to time by the business on request, or is derived from data disclosed in the accounts of a larger entity of which this business is a part.