- CEO
- Duncan Andrew Tait
- Full Time Employees
- 17,588
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 22a St James’s Square London United Kingdom SW1Y 5LP
- IPO Date
- May 29, 2013
- Business
- Inchcape plc Inchcape plc is a multinational automotive distribution company that serves as a professional route to market for leading vehicle manufacturers, providing distribution, retail, and aftermarket services across approximately 40 markets in Asia-Pacific, the Americas, Europe, Africa, and other regions. Founded in 1847 and headquartered at 22a St James's Square in London, United Kingdom, the company distributes premium brands including Toyota, Lexus, BMW, Mercedes-Benz, Jaguar, Land Rover, Subaru, Suzuki, Changan, BYD, and others; its core offerings encompass new and used vehicle sales, parts distribution, aftersales servicing, finance and insurance products, logistics, brand management, and digital sales platforms such as the Digital Experience Platform (DXP) and Data Analytics Platform (DAP). Inchcape generates revenue through diversified streams with vehicles contributing around 70% of gross profit and aftersales services approximately 30%, operating in high-growth markets with low motorization rates and leveraging technology for customer experiences and operational efficiency. In recent developments, Inchcape launched its Accelerate+ strategy in 2024 to drive scale via 22 new distribution contracts won that year—including Deepal and Foton in Australia, multiple Changan brands in the Americas, and BYD in Europe and Africa—and optimize through exiting four dilutive contracts and divesting non-core retail assets such as its UK dealerships to Group 1 Automotive and a retail aftersales business in the Americas, generating net cash proceeds of £391 million; the company also completed the integration of its 2022 £1.3 billion acquisition of Derco, Latin America's largest independent distributor, acquired Askja in Iceland in 2025 to expand its Europe and Africa footprint, reduced leverage to 0.3x, announced medium-term targets through FY 2030 including £2.5 billion in free cash flow and over 10% EPS CAGR, and initiated a £250 million share buyback programme in 2025 while advancing sustainability initiatives like EV training for over 1,000 technicians and a 37% reduction in Scope 1 and 2 emissions since 2019.