Inchcape Retail

Profits drop at Inchcape's dealerships, retail arm still under review

Operating profits fell 17% in Inchcape's retail division during 2023 although revenues rose slightly, while its international vehicle distribution divisions grew rapidly.

Car dealer news 5 Mar

Inchcape Volkswagen at Old Trafford, Manchester

Inchcape Retail may be up for sale, group confirms

The AM100 dealer group Inchcape Retail UK is up for a takeover.

Car dealer news 30 Jan

Inchcape's bravoauto used car forecourt at its Halifax dealership

Inchcape’s Q1 car retail revenues 'adversely impacted' by agency model shift

Inchcape chief executive Duncan Tait said that the automotive distribution and car retail PLC had made an “excellent start to 2023”, despite the adverse effects of certain OEMs’ shift to a direct-to-consumer agency model.

Car dealer news 27 Apr

Inchcape women join England Lionesses for charity football tournament

A group of women footballers from Inchcape UK teamed-up with former squad members from England’s national team of Lionesses to raise funds for Leukaemia UK.

people news 6 Apr

Inchcape's bravoauto used car supermarket signage

Inchcape’s ongoing car distribution focus delivers 50% profit growth

Inchcape chief executive Duncan Tait has highlighted the success of the automotive PLC’s “portfolio shift towards distribution” as it reported a near-50% growth in profits in its 2022 annual financial results.

Car dealer news 23 Mar

Inchcape Retail 2021 financial results show rebound from heavy losses

Car dealer group operation Inchcape Retail rebounded from £76.4 million pre-tax loss to deliver profitability in 2021 financial results.

Car dealer news 9 Jan

Inchcape UK expands network of Bravoauto used car dealerships

Four more sites have been added to Inchcape UK's network of used car dealerships, which trade under the Bravoauto brand, taking it to 17 locations.

Car dealer news 22 Dec

Inchcape chief financial officer resigns over ‘personal behaviour’ at event

Inchcape chief financial officer Gijsbert de Zoeten will stand down with immediate effect over issues with his “personal behaviour” at a recent event.

people news 28 Nov

An Inchcape JLR Arch Concept dealership facility

New Inchcape JLR dealership to create 80 car retail jobs

Inchcape’s new Jaguar Land Rover (JLR) Dual-Arch premium car dealership in Norwich is set to create 80 jobs when it opens its doors in 2023.

Car dealer news 23 Nov

Steven Eagell Group's Toyota Oxford dealership

Steven Eagell Group confirms acquisition of Inchcape Toyota Oxford dealership

Steven Eagell Group has confirmed its acquisition of Inchcape’s Toyota dealership in Oxford, over three weeks after AM initially reported the move.

acquisitions and deals 1 Aug

Inchcape opens 12th bravoauto used car supermarket in former CarShop Express site

Inchcape has grown its bravoauto used car supermarket division with the opening of a new store in Sytner’s former Volkswagen and CarShop Express dealership in Halifax.

Car dealer news 29 Jul

Inchcape ‘confident’ of mid-term plan after 53% H1 profit growth

Inchcape is “confident” of achieving its mid-term growth plans after delivering 53% growth in its adjusted pre-tax profits in the first half of 2022.

Car dealer news 28 Jul

Steven Eagell, chief executive of the Milton Keynes-based Steven Eagell Group

Steven Eagell lines-up Inchcape Oxford Toyota dealership acquisition

Steven Eagell is set to grow its car retail market territory and its portfolio with Toyota through the acquisition of Inchcape’s car dealership in Oxford.

acquisitions and deals 8 Jul

Peter Johnson retires from RMI chairman role

Former Inchcape chief executive and Marshall Motor Group executive chairman Peter Johnson has retired from his position as chairman of the Retail Motor Industry Federation (RMI).

people news 30 Jun

Ford’s chief transformation and quality officer Stuart Rowley topped the Auto Express Brit List 2022 rankings

Constellation and Inchcape bosses make Auto Express Brit List 2022

Inchcape chief executive Duncan Tait and Constellation Automotive executive chairman Avril Palmer-Baunack were the only two car retail sector leaders to make the Auto Express Brit List 2022.

people news 22 Jun

Positive Inchcape trading outlook built on ‘improved outlook for supply’

Inchcape’s global car distribution operations have driven its year-to-date financial performance to ‘exceed expectations’, a trading update has revealed.

Car dealer news 16 Jun

Inchcape UK's new bravoauto used car retail division branding

Inchcape opens bravoauto used car retail sites in Stoke and Guildford

Inchcape has expanded its used car retail division with the opening of new stores in Stoke-on-Trent and Guildford.

Car dealer news 13 Jun

Inchcape’s global footprint to mitigate £750m exposure to Russian market

Inchcape PLC’s global footprint will mitigate the impact of a £750 million exposure to the Russian automotive sector, analysts have said.

Car dealer news 28 Feb

Inchcape credits strong consumer demand and margins for 2021 ‘profit rebound’

Automotive distribution and car retail PLC Inchcape has reported a 12% rise in turnover and 131% in pre-tax profits in its 2021 annual financial results.

Car dealer news 24 Feb