Inchcape PLC In the Driving Seat: Spotlight on Digital & Data Transcript
Hello, everyone. I'm Duncan Tait, CEO of Inchcape. I am delighted to be introducing the second webinar in our In The Driving Seat series, which puts the spotlight on an area of our business with one of our senior leaders. We started the series in June 2022 with the Americas. And today, we will be focused on all things digital and data, which Mark Dearnley, our Chief Digital Officer, will take you through shortly.
As usual, you'll get an opportunity to ask questions following Mark's presentation. You can submit your questions via the Q&A functionality of the webinar. So let's get started.
Here, we show the 2 growth drivers for our business: distribution excellence and vehicle life cycle services. And you can see the opportunity in each is enormous. On the left-hand side, we show the total number of new vehicles that are sold every year across the world, around 90 million. The OEMs insource distribution in the largest markets. This includes China and the U.K. but also markets like Brazil and Mexico.
Outside of the larger
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