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Asia Pacific lifts Inchcape revenue
Multinational car dealer Inchcape has posted a rise in third-quarter revenue, with an uneven global recovery in the car industry showing strong growth in Asia Pacific and the emerging markets but a further weakening of consumer confidence in the UK and Europe. The British-based firm, which sells and distributes cars for manufacturers such as Toyota, Mercedes-Benz and BMW in 26 countries, said yesterday it was maintaining its guidance for the full year. Inchcape’s revenue increased by 2.2 per cent to £1.46bn in the three months to 30 September, with like-for-like revenue up 4.1 per cent.