inchcape
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Car Dealer News 18 JunInchcape performance and profitability continues to ‘exceed expectations’
Inchcape has revealed that its year-to-date financial performance has “exceeded expectations” in a brief trading update issued today (June 18).
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Car Dealer News 6 MayInchcape to establish 20-site used car retail and fast-fit aftersales network
Inchcape UK chief executive James Brearley has revealed the AM100 PLC’s plan to open up to 20 used car retail locations, each with an adjoining fast-fit aftersales offering, by the end of next year.
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Car Dealer News 29 Apr
UK car retail shows ‘relative resilience’ as distribution drives growth for Inchcape
Inchcape’s UK car dealership operation showed “relative resilience” in a COVID-impacted ‘Lockdown 3’ as the PLC’s distribution business offset revenue losses from retail, the PLC has reported.
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Car Dealer News 22 Apr
Inchcape continues move away from car sales with £70m dealership disposals
Inchcape has continued its plan to move away from car retail with the £70 million sale of its Toyota and Audi dealerships in St. Petersburg, Russia.
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Car Dealer News 5 MarInchcape to create ‘substantial’ Destination Porsche Centre in Bournemouth
Inchcape has revealed its plan to create a new Destination Porsche Centre premium car dealership in Bournemouth - substantially expanding the brand's presence in the coastal town.
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Car Dealer News 25 Feb
London Stock Exchange changes Inchcape PLC's listing amid shift away from retail
Inchcape has confirmed that its London Stock Exchange listing has been reclassified to remove reference to retail as it disposed of 13 UK dealership locations as part of a renewed focus on distribution in 2020.
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Car Dealer News 10 Dec
Inchcape reports ‘better than expected’ November lockdown sales
Inchcape has reported that its performance during November’s ‘Lockdown 2’ COVID-19 restrictions was “better than expected” – leading to an upgraded pre-tax profit forecast.
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Car Dealer News 5 Nov
Inchcape’s Q3 COVID-19 rebound ‘stronger than expected’ in UK and Europe
Inchcape’s car retail revenues declined 17% during Q3 despite a ‘stronger than expected’ COVID-19 recovery from its operations in the UK and Europe.
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Acquisitions and deals 9 SepSwansway Garages acquires Inchcape Volkswagen dealership in Oldham
Inchcape has continued its recent string of UK dealership disposals with the sale of its Oldham Volkswagen car franchise to Swansway Garages.
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Acquisitions and deals 13 AugArden to acquire Inchcape BMW/Mini Tunbridge Wells car dealerships
Arden is poised to acquire Inchcape’s Cooper BMW and Mini car dealership operation in Tunbridge Wells, with the deal expected to be finalised by the end of this month.
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Car Dealer News 30 Jul
Inchcape continues restructure plan after £188m H1 2020 loss
Inchcape is driving forward plans for a restructure to be completed by Q1 next year after reporting a 36% decline in overall revenues and pre-tax losses of £188 million in the first half of 2020.
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Car Dealer News 21 MayInchcape's revenues drop 32% due to coronavirus impact
Inchcape’s revenues have dropped 32% in the first four months of 2020 as the international auto retailer and distributor battled coronavirus impact.
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People News 4 MayInchcape appoints former Fujitsu director Duncan Tait as Group CEO
Inchcape has appointed former Fujitsu director Duncan Tait as its new Group CEO after the departure of Stefan Bomhard prompted “strong interest and a group of high-quality candidates”.
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People News 16 MarInchcape’s Dan Goodfellow joins Carsnip as head of digital
Carsnip has appointed Dan Goodfellow as head of digital, responsible for supporting dealers to get the most from their Carsnip Premium Package.
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Car Dealer News 27 Feb
Inchcape boosts 2019 turnover and profit with business disposals
Inchcape reported a 1.3% increase in turnover and a 256% increase in its profit before tax in its full-year financial results for 2019.
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People News 3 Feb
Inchcape chief executive Stefan Bomhard resigns post at AM100 PLC
Inchcape chief executive Stefan Bomhard has resigned his post with the car retail and import business to take up a position as the chief executive of Imperial Brands.
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Acquisitions and deals 17 JanCitygate confirms Inchcape West London and Twickenham VW acquisitions
Citygate Automotive has confirmed its acquisition of Inchcape Retail’s Volkswagen dealerships in West London and Twickenham – six weeks after AM reported on the impending deal.
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Acquisitions and deals 6 Dec
VW network shake-up continues with proposed Inchcape two-site sale to Citygate
Inchcape looks poised to sell two more Volkswagen car dealerships, to Citygate, as the German car brand’s UK franchises continue to change hands in a series of recent disposals and acquisitions.
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Car Dealer News 3 Oct
Inchcape leaves Chinese market with £54m car dealership disposals
Inchcape has announced that its will leave the Chinese car retail market with the sale of its Lexus, Porsche and Mecedes-Benz dealerships in the country for over £54 million.
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People News 21 AugInchcape appoints Gijsbert de Zoeten as chief financial officer
Inchcape has appointed former LeasePlan chief financial officer Gijsbert de Zoeten as its own CFO following Richard Howes’ decision to leave the AM100 car retail group.
