Inchcape drives into the future with Accelerate+ strategy

• Inchcape unveils evolved, Accelerate+ strategic approach, to charge growth to 2030
• Hosts latest ‘In the Driving Seat’ investor seminar which includes deep dive on APAC

Our Accelerate+ strategy

Today marks an exciting milestone for Inchcape as it unveils Accelerate+, an evolution of its strategic approach, setting out a clear framework to drive growth over the medium to long term.

Building on the achievements and strong foundation of Inchcape’s original Accelerate strategy launched in 2021, this refreshed strategic approach reflects Inchcape’s ambition to enhance its position as the world’s leading automotive Distributor.

The automotive industry has transformed considerably since 2021. Competition amongst OEMs has intensified, technology has advanced, consumer preferences have changed, and OEM demands for greater efficiencies have increased. Against this fast-changing backdrop, Inchcape’s Accelerate+ strategy seeks to establish a stronger Inchcape, working across more markets with more OEMs. It will position the business to seize new growth opportunities and drive towards a target of 10% market share in our markets, to deliver enhanced value for our partners.

Accelerate+ is underpinned by two strategic growth pillars – Scale and Optimise. The Scale pillar aims to grow Inchcape’s market share in passenger cars in both existing and new markets and seeks to expand Inchcape’s partnerships with OEMs into emerging vehicle categories, such as light commercial vehicles and premium motorcycles. Improving Inchcape’s operational efficiency is also key to this strategy and the Optimise pillar seeks to leverage technology and use data-driven insights to ensure Inchcape continues to be the most efficient and effective distribution partner for OEMs.

More information on Accelerate+ can be found on Our Strategy page.

In the Driving Seat seminar – APAC deep dive

Alongside this strategy update, Inchcape will host its latest ‘In the Driving Seat’ investor seminar, which includes a deep dive into the exciting growth dynamics in the APAC region.  Inchcape has made significant progress expanding our business across APAC, developing a diversified and scaled business with compelling growth prospects. APAC is a region with strong upside potential, linked to high GDP growth, population growth and low vehicle ownership rates. Inchcape’s momentum is expected to continue with the launch of its evolved Accelerate+ strategic approach that will drive profitable growth and market share across the region over the medium to long term.

Register online for the In the Driving Seat webinar

Duncan Tait, Group Chief Executive, commented:

“We are excited to launch our evolved Accelerate+ strategic approach that will drive Inchcape into the future. Our goal with Accelerate+ is to capitalise on the differentiated platform we have built, establishing a stronger and more diversified Inchcape, in more markets with more OEMs, generating sustainable, profitable growth and value. 

“It effectively positions us to navigate what is a fast-moving automotive backdrop and build a business that generates growth for all our stakeholders.

“I look forward to sharing more about this evolved strategy during our ‘In the Driving Seat’ seminar this afternoon, as well as highlighting Inchcape’s excellent momentum and opportunities for growth in the APAC region.”