Inchape has warned that Donald Trump’s tariffs war has led to a fall in sales and that some car manufactures could be affected.
Duncan Tait, group chief executive of the car distribution company said that demand is ““not currently being impacted by the tariff situation,” but he cautioned he expects that manufacturers will be impacted.
He added, “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.”
Inchape announced on Thursday in the three months to 31 March, revenues fell by 5% to £2.1 billion.
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