Car distributor Inchcape warned investors this that tariffs could restrict car supplies, the overall market and demand.
It made the warning as it announced group revenue of £2.1bn, down -5% at constant currency in Q1.
Inchcape hit the headlines last year in the UK when it disposed of its UK retail business to US dealer giant Group 1, part of a strategy to focus on its more profitable distribution business.
Inchcape CEO Duncan Tait commented this week that tariffs had not hit home yet and the company was well set to navigate “current market uncertainty.”
He said: “Demand is not currently being impacted by the tariff situation, although we do expect to see potential impacts on supply from our OEMs, the competitive environment and market demand.
“We are taking proactive steps to support our key stakeholders, including taking a conservative approach to managing inventory levels, ensuring we remain disciplined on costs, focusing on cash generation and maintaining our strong balance sheet.”
