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Global diversification is a strength for premium automotive group

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Multi-brand car distributor and retailer Inchcape’s (INCH) sales sped 14.6% higher to £2.3bn in a strong third quarter, the top line boosted by weak sterling and a South American distribution acquisition made at the end of 2016. Stripping this deal out, revenues still rose 9.4% higher. Inchcape grew in all regions, notably in emerging markets.

This performance demonstrates the advantages of Inchcape’s global diversification and distribution-focused business model, at a time when the UK car market is slowing and Inchcape flags ‘continued margin pressures in some retail markets’.

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