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Inchcape shares slump on lower volume forecast
(Sharecast News) - Shares in Inchcape fell on Tuesday after the UK car dealer expected 2026 organic volume growth to be at the lower end of forecasts due to ongoing challenges in the Asia-Pacific market, especially in the premium segment. Organic volume growth was forecast in a range of 3% - 5%, sending shares in the company down almost 9% in London Trade. A £175m share buyback was also announced.
Inchcape is facing slower demand in Indonesia, the Philippines, and Hong Kong and added it expected production disruptions in some Asian markets during the first half of 2026.
Revenue and pre-tax profit for the year to December 31 both fell 2% to $9.1bn and £406m respectively.
Reporting by Frank Prenesti for Sharecast.com
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