Inchcape warns of "challenging" year

News of a more “challenging” 2018 has put a dampener on results from car retailer and distributor Inchcape (INCH), sending the shares down on results day. Retail markets are expected to be tougher given the ongoing imbalance between supply and demand (ergo the sharp rise in inventory), particularly during the first half. Management also singled out Singapore, a market that is expected to suffer as sales of new vehicles decline.