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Inchcape reports strong UK demand for premium cars

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.

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