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Inchcape turnover gets lift from Asia Pacific as Europe weakens
MULTINATIONAL car dealer Inchcape yesterday posted a rise in third-quarter revenue with an uneven global recovery in the car industry showing strong growth in Asia Pacific and the emerging markets, and a further weakening of consumer confidence across the UK and Europe.
The British-based firm, which sells and distributes cars for manufacturers such as Toyota, Mercedes-Benz and BMW in 26 countries, said yesterday it was maintaining its guidance for the full-year.
Inchcape’s revenue increased by 2.2 per cent to £1.46bn in the three months to 30 September, with like-for-like revenue up 4.1 per cent.
That took revenue to £4.39bn in the nine months to 30 September, down three per cent on last year.