The strategy aims to expand its presence in more markets, strengthen partnerships with manufacturers, and increase its market share to 10% across all the markets in which it operates.
Inchcape, the world's leading independent vehicle distributor and regional leader, has announced the launch of Accelerate+, an evolution of its strategy designed to consolidate its position as the world's foremost automotive distributor and accelerate its growth in the coming years. The company has also unveiled its new logo, symbolising a new phase of development and modernisation for the business.
Accelerate+ is designed to lead the future of the automotive industry, addressing with determination the new challenges and opportunities presented by technological advancements, evolving consumer preferences, increased competition among manufacturers, and the growing demand for efficiency from developers.
“We are excited to introduce our evolved strategy, Accelerate+, which will guide Inchcape into the future. Our goal is to leverage the differentiated platform we have built, establishing a stronger and more diversified company, operating in more markets with more manufacturers, and delivering sustainable and profitable growth. This new approach positions us to successfully navigate a dynamic automotive environment and build a business that delivers value for all our stakeholders,” commented Duncan Tait on the launch.
With Accelerate+, Inchcape aims to expand into more markets and strengthen its partnerships with more manufacturers. The objective is to achieve a 10% market share in the regions where it operates, creating greater value for its partners and customers. Locally, the strategy seeks to reinforce Inchcape's leadership position in Chile, where its market share currently stands at 25% in the light and medium vehicle segment, and it also holds a 27% share in the 100% electric vehicle sector, underscoring its commitment to the transition towards more sustainable mobility.
With this new strategy and its refreshed brand identity, Inchcape reaffirms its commitment to leading the automotive distribution sector and capitalising on growth opportunities in its key markets.