• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Inchcape chief to step down

Car Dealer Magazine by Car Dealer Magazine
May 15, 2008
0
Home News

NEW model launches during 2008 gives Inchcape, the world’s leading car retailer, confidence for the remainder of the year, the company’s AGM has been told.

 

But at the same time it was announced Inchcape chairman Peter Johnson is to step down after three years in the role. He will remain in the role until a successor is found and to manage the handover.

 

On the business front, in the first three months of this year the company reported total sales up 6.5 per cent with sales from continuing operations up 7.2 per cent. In the UK, the company’s retail business saw like for like sales growth of 3.5 per cent, outperforming the UK market by over four percentage points.

 

The group’s headline pre-tax profit in sterling terms was up 5.7 per cent on the same quarter last year. In constant currency, it was in line with the same period last year, as expected given the level of investment in the launch of new models and the run out of old models in the quarter.

 

The group said its finances were ‘sound’ and a statement added: ‘The launch of a number of new models in 2008 and the associated investment will enable us to build momentum as the year progresses. 

 

‘Our expectations for the full year, at constant currency, remain unchanged and we continue to look forward to the remainder of 2008 with confidence.’

Previous Post

4Car deal boosts dealers

Next Post

Traders, prepare for change

Related Posts

John Clark Motor Group sees losses deepen to nearly £2m
News

John Clark Motor Group enjoys profit rise to £12.8m despite lower turnover

January 13, 2021
Consumers confused by car finance terms, according to new research
News

Car repossessions allowed to recommence on January 31, despite FCA extending help for mortgages

January 13, 2021
Scottish government looks to phase out new petrol and diesel cars from 2032
News

Click-and-collect to be banned in Scotland from Saturday for car dealers but deliveries will be allowed

January 13, 2021
Dealers to be given free advertising across eBay Motors Group in February
News

Dealers to be given free advertising across eBay Motors Group in February

January 13, 2021
New car sales to increase in 2013, suggests Trader Media
News

Renault Retail Group sells flagship London West showroom for £39m

January 13, 2021
BMW ad banned because ‘no-dazzle’ claim was misleading
News

Five people arrested after BMW dealership targeted twice by thieves in the same morning

January 13, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

December 21, 2020
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Investigation: Should car dealers be selling and delivering during lockdown?
News

What do we know about online used car dealer Cazoo? Who is Alex Chesterman? And will Cazoo float on the stock market?

January 5, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 5, 2021
Used car dealer Cazoo accused of online-only U-turn as it sets up physical sites and closes Imperial dealerships
News

Comment: Why Cazoo founder was naive to label this used car sales business as ‘flawed at every level’

December 1, 2020
Car Dealer Power

Car Manufacturer of the Year – Where did your manufacturer rank in Car Dealer Power 2020?

November 23, 2020
Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes
Car Dealer Live

Investigation: What do car buyers want from online car sales? New research reveals customers’ likes and dislikes

November 28, 2020
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C